Thurston Springer Miller Herd & Titak Inc. Cuts Position in Healthpeak Properties, Inc. (NYSE:DOC)

Thurston Springer Miller Herd & Titak Inc. cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 51.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,580 shares of the real estate investment trust’s stock after selling 2,742 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Healthpeak Properties were worth $52,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its position in Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares in the last quarter. HM Payson & Co. purchased a new position in Healthpeak Properties in the third quarter worth $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties in the third quarter worth $26,000. Harbor Capital Advisors Inc. boosted its position in Healthpeak Properties by 5.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 1,186 shares during the period. Finally, Rise Advisors LLC purchased a new stake in Healthpeak Properties during the third quarter valued at about $29,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.80 on Friday. The stock has a market cap of $14.55 billion, a PE ratio of 44.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. 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 fifty-two week low of $16.01 and a fifty-two week high of $23.26. The firm’s 50-day simple moving average is $20.90 and its two-hundred day simple moving average is $21.50.

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

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Upgrades and Downgrades

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

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.