Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by Park Avenue Securities LLC

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

A number of other large investors also recently modified their holdings of DOC. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $1,880,000. Swedbank AB purchased a new stake in Healthpeak Properties in the 3rd quarter worth about $1,832,000. Pathstone Holdings LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth approximately $1,968,000. Finally, Associated Banc Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $10,559,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $20.66 on Friday. 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 company has a market cap of $14.45 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The firm has a fifty day moving average price of $20.84 and a two-hundred day moving average price of $21.53. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC) last released 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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Analysts expect that Healthpeak Properties, Inc. will post 1.81 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on DOC shares. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Robert W. Baird lifted 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. Finally, Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.15.

Healthpeak Properties 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.