Cetera Trust Company N.A Decreases Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Cetera Trust Company N.A reduced its position in Healthpeak Properties, Inc. (NYSE:DOC) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the real estate investment trust’s stock after selling 925 shares during the period. Cetera Trust Company N.A’s holdings in Healthpeak Properties were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DOC. MassMutual Private Wealth & Trust FSB raised its position in Healthpeak Properties by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 968 shares during the period. HB Wealth Management LLC raised its position in Healthpeak Properties by 85.1% during the fourth quarter. HB Wealth Management LLC now owns 16,414 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 7,546 shares during the period. Merit Financial Group LLC purchased a new stake in Healthpeak Properties during the fourth quarter valued at approximately $506,000. Goldstone Financial Group LLC raised its position in Healthpeak Properties by 19.3% during the fourth quarter. Goldstone Financial Group LLC now owns 11,078 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 1,793 shares during the period. Finally, Mirador Capital Partners LP raised its position in Healthpeak Properties by 2.8% during the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 901 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Down 1.4 %

Shares of NYSE:DOC opened at $20.82 on Wednesday. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The stock has a market cap of $14.56 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14. The business’s 50 day moving average is $20.87 and its 200 day moving average is $21.53. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.81 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.76%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. Robert W. Baird upped their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.