Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,220 shares of the real estate investment trust’s stock after selling 974 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Healthpeak Properties were worth $1,890,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Healthpeak Properties by 6.5% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 337,883 shares of the real estate investment trust’s stock worth $6,849,000 after acquiring an additional 20,544 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in Healthpeak Properties by 1.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 148,636 shares of the real estate investment trust’s stock worth $3,013,000 after acquiring an additional 1,403 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Healthpeak Properties by 11.6% in the 4th quarter. Park Avenue Securities LLC now owns 24,700 shares of the real estate investment trust’s stock valued at $501,000 after acquiring an additional 2,567 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Healthpeak Properties by 18.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,143 shares of the real estate investment trust’s stock valued at $591,000 after acquiring an additional 4,446 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Healthpeak Properties by 62.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 20,670 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 7,941 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC stock opened at $20.31 on Thursday. The business’s 50-day moving average is $20.98 and its two-hundred day moving average is $21.48. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $14.21 billion, a P/E ratio of 43.21, a P/E/G ratio of 2.31 and a beta of 1.14. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Robert W. Baird upped their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average price target of $24.15.

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.