Wealthfront Advisers LLC Lowers Holdings in Healthpeak Properties, Inc. $DOC

Wealthfront Advisers LLC cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 50.0% in the fourth quarter, HoldingsChannel reports. The fund owned 32,250 shares of the real estate investment trust’s stock after selling 32,303 shares during the period. Wealthfront Advisers LLC’s holdings in Healthpeak Properties were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $25,000. City Holding Co. purchased a new position in Healthpeak Properties during the third quarter valued at $26,000. WPG Advisers LLC lifted its stake in Healthpeak Properties by 270.2% in the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,197 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties during the 2nd quarter worth approximately $33,000. Finally, Wiser Advisor Group LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $16.30 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.82 and a current ratio of 2.82. The stock’s fifty day moving average is $16.94 and its two-hundred day moving average is $17.15. The firm has a market capitalization of $11.33 billion, a P/E ratio of 162.97, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $19.68.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $719.40 million during the quarter, compared to the consensus estimate of $685.14 million. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.74 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 1,220.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore decreased their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Cantor Fitzgerald set a $17.00 price objective on Healthpeak Properties in a report on Monday, January 5th. UBS Group began coverage on shares of Healthpeak Properties in a research note on Monday, April 20th. They set a “neutral” rating and a $17.00 target price on the stock. Scotiabank upgraded shares of Healthpeak Properties to a “hold” rating in a research report on Thursday, April 23rd. Finally, Robert W. Baird decreased their price target on shares of Healthpeak Properties from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.04.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.