DAVENPORT & Co LLC Raises Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

DAVENPORT & Co LLC grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,043 shares of the real estate investment trust’s stock after purchasing an additional 41,571 shares during the period. DAVENPORT & Co LLC’s holdings in Healthpeak Properties were worth $10,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DOC. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthpeak Properties in the 2nd quarter valued at about $66,000. Centaurus Financial Inc. bought a new position in shares of Healthpeak Properties in the 2nd quarter valued at about $227,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $108,000. AMF Tjanstepension AB bought a new stake in Healthpeak Properties in the third quarter worth about $15,548,000. Finally, Czech National Bank bought a new stake in Healthpeak Properties in the third quarter worth about $3,279,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. Wells Fargo & Company decreased 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 note on Tuesday, December 10th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.15.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $20.66 on Monday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 2.18 and a beta of 1.14. The company’s 50 day moving average is $20.75 and its 200 day moving average is $21.55. 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, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26.

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.