Healthpeak Properties, Inc. (NYSE:DOC) Position Reduced by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 16.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,219,388 shares of the real estate investment trust’s stock after selling 232,808 shares during the period. Healthpeak Properties makes up about 14.7% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 2nd largest position. Foresight Group Ltd Liability Partnership owned 0.17% of Healthpeak Properties worth $24,717,000 as of its most recent SEC filing.

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

Healthpeak Properties Price Performance

NYSE DOC opened at $20.69 on Friday. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The stock’s 50-day moving average is $20.94 and its two-hundred day moving average is $21.48. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $14.47 billion, a P/E ratio of 44.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate 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 company posted $0.45 earnings per share. On average, analysts anticipate that Healthpeak Properties, Inc. will post 1.81 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm 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. This represents a $1.20 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DOC shares. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Mizuho reduced 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 report on Thursday, December 5th. Finally, Royal Bank of Canada upped 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus price target 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.