Park Avenue Securities LLC Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Park Avenue Securities LLC lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,700 shares of the real estate investment trust’s stock after acquiring an additional 2,567 shares during the quarter. Park Avenue Securities LLC’s holdings in Healthpeak Properties were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DOC. State Street Corp purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $1,093,576,000. Geode Capital Management LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties during the third quarter worth about $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties in the third quarter valued at approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Healthpeak Properties during the third quarter valued at approximately $102,615,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DOC. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Robert W. Baird raised their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Mizuho dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.15.

Healthpeak Properties Stock Up 0.5 %

Shares of Healthpeak Properties stock opened at $20.66 on Friday. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 2.27 and a beta of 1.14. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The business’s 50 day simple moving average is $20.84 and its 200-day simple moving average is $21.53.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 3.53% and a net margin of 12.10%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.81 earnings per share for the current year.

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.