Romano Brothers AND Company Cuts Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Romano Brothers AND Company decreased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,807 shares of the real estate investment trust’s stock after selling 27,247 shares during the period. Romano Brothers AND Company’s holdings in Healthpeak Properties were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp purchased a new position in Healthpeak Properties during the third quarter valued at $1,093,576,000. JPMorgan Chase & Co. lifted its stake in Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after buying an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Healthpeak Properties in the 3rd quarter worth about $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter worth about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $175,697,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 0.5 %

DOC opened at $20.80 on Friday. The stock has a market capitalization of $14.55 billion, a PE ratio of 44.26, a P/E/G ratio of 2.12 and a beta of 1.14. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The business’s 50 day moving average price is $20.90 and its 200 day moving average price is $21.50.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.81 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 dividend yield of 5.77%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

DOC has been the topic of several research reports. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday. Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Royal Bank of Canada raised their price target 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. Finally, Mizuho dropped 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.