Adage Capital Partners GP L.L.C. Sells 9,900 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Adage Capital Partners GP L.L.C. decreased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,443 shares of the real estate investment trust’s stock after selling 9,900 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Healthpeak Properties were worth $13,245,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DOC. Barclays PLC bought a new position in Healthpeak Properties in the 3rd quarter worth about $35,078,000. Diamant Asset Management Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth about $564,000. World Investment Advisors LLC bought a new position in Healthpeak Properties in the 3rd quarter worth about $291,000. Sfmg LLC bought a new position in Healthpeak Properties in the 3rd quarter worth about $2,245,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Healthpeak Properties in the 3rd quarter worth about $125,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

NYSE DOC opened at $17.84 on Monday. Healthpeak Properties, Inc. has a 52 week low of $17.33 and a 52 week high of $23.26. The firm has a market capitalization of $12.48 billion, a P/E ratio of 50.97, a PEG ratio of 2.17 and a beta of 1.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $19.57 and a 200-day moving average price of $20.56.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a dividend of $0.1017 per share. This represents a dividend yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties’s dividend payout ratio (DPR) is 305.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. Scotiabank lowered their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Wedbush restated an “outperform” rating and set a $24.00 target price on shares of Healthpeak Properties in a research note on Friday, April 11th. Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.09.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.