Advisors Management Group Inc. ADV Trims Position in Healthpeak Properties, Inc. (NYSE:DOC)

Advisors Management Group Inc. ADV lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties in the third quarter worth $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 0.8 %

Shares of Healthpeak Properties stock opened at $20.31 on Thursday. 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 $14.21 billion, a PE ratio of 43.21, a PEG ratio of 2.31 and a beta of 1.14. The firm has a 50-day moving average of $20.98 and a 200-day moving average of $21.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

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

Healthpeak Properties Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DOC shares. Mizuho lowered their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company dropped their price objective on shares of 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.