Sfmg LLC Lowers Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Sfmg LLC cut its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 33.2% in the fourth quarter, HoldingsChannel reports. The firm owned 197,420 shares of the real estate investment trust’s stock after selling 98,003 shares during the period. Sfmg LLC’s holdings in Healthpeak Properties were worth $2,628,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in shares of Healthpeak Properties in the first quarter valued at about $27,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,712 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Healthpeak Properties by 99.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,237 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 2,614 shares during the period. Harbour Investments Inc. lifted its position in shares of Healthpeak Properties by 52.1% in the 2nd quarter. Harbour Investments Inc. now owns 6,426 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,200 shares during the period. Finally, Worth Asset Management LLC bought a new position in shares of Healthpeak Properties during the first quarter valued at approximately $102,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Down 2.6 %

Shares of DOC traded down $0.47 during mid-day trading on Wednesday, hitting $17.82. 6,298,332 shares of the company traded hands, compared to its average volume of 5,395,733. The business has a 50 day moving average of $15.48 and a 200 day moving average of $13.35. The company has a market capitalization of $12.64 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $22.38.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Compass Point decreased their price objective on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, January 2nd. Truist Financial dropped their price objective on Healthpeak Properties from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, December 22nd. Bank of America upgraded shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Finally, KeyCorp restated a “sector weight” rating on shares of Healthpeak Properties in a report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.67.

Healthpeak Properties Company 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.