Clean Yield Group Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Clean Yield Group reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,720 shares of the real estate investment trust’s stock after selling 14,537 shares during the quarter. Healthpeak Properties comprises about 1.7% of Clean Yield Group’s portfolio, making the stock its 13th largest holding. Clean Yield Group’s holdings in Healthpeak Properties were worth $5,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DOC. State Street Corp acquired a new stake in shares of Healthpeak Properties during the third quarter worth $1,093,576,000. Geode Capital Management LLC purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $403,898,000. Charles Schwab Investment Management Inc. acquired a new position in Healthpeak Properties in the 3rd quarter worth approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $102,615,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DOC. Royal Bank of Canada increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.08.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded up $0.21 during midday trading on Monday, hitting $19.87. The company had a trading volume of 1,187,158 shares, compared to its average volume of 3,658,605. The business’s 50-day simple moving average is $21.11 and its 200-day simple moving average is $21.48. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 6.04%. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

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.