Goldstone Financial Group LLC boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,078 shares of the real estate investment trust’s stock after purchasing an additional 1,793 shares during the quarter. Goldstone Financial Group LLC’s holdings in Healthpeak Properties were worth $225,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirador Capital Partners LP lifted its stake in shares of Healthpeak Properties by 2.8% during the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 901 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its stake in Healthpeak Properties by 6.5% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 337,883 shares of the real estate investment trust’s stock valued at $6,849,000 after buying an additional 20,544 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in Healthpeak Properties by 1.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 148,636 shares of the real estate investment trust’s stock valued at $3,013,000 after acquiring an additional 1,403 shares during the period. Park Avenue Securities LLC lifted its position in Healthpeak Properties by 11.6% during the fourth quarter. Park Avenue Securities LLC now owns 24,700 shares of the real estate investment trust’s stock worth $501,000 after acquiring an additional 2,567 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Healthpeak Properties by 18.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 29,143 shares of the real estate investment trust’s stock worth $591,000 after acquiring an additional 4,446 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on DOC. Robert W. Baird increased their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. 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 lifted 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 research analyst has rated the stock with a sell rating, three have assigned 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.15.
Healthpeak Properties Trading Up 0.5 %
Shares of DOC opened at $20.80 on Friday. 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, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 2.12 and a beta of 1.14. The business’s fifty day moving average is $20.90 and its 200-day moving average is $21.49.
Healthpeak Properties (NYSE:DOC – Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.81 EPS for the current fiscal year.
Healthpeak Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is 255.32%.
About Healthpeak Properties
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.
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