Janney Montgomery Scott LLC Cuts Position in Healthpeak Properties, Inc. (NYSE:DOC)

Janney Montgomery Scott LLC reduced its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,387 shares of the real estate investment trust’s stock after selling 18,996 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Healthpeak Properties worth $12,616,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DOC. HM Payson & Co. purchased a new stake in Healthpeak Properties during the 3rd quarter worth $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $29,000. Fortitude Family Office LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DOC. Wells Fargo & Company lowered 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 research report on Tuesday, December 10th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Mizuho cut their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Price Performance

DOC opened at $20.82 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $20.83 and its 200 day moving average price is $21.56. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results 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 company had revenue of $700.40 million during 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%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. As a group, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.81 earnings per share for the current year.

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.