Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,056 shares of the real estate investment trust’s stock after selling 504 shares during the period. Centaurus Financial Inc.’s holdings in Healthpeak Properties were worth $253,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $230,988,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $102,615,000. abrdn plc acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $62,670,000. Swiss National Bank acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $47,774,000. Finally, Douglas Lane & Associates LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $33,947,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Evercore ISI upped their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Trading Down 0.4 %

DOC stock opened at $22.23 on Thursday. The firm has a market cap of $15.55 billion, a P/E ratio of 47.30, a PEG ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The company’s 50-day simple moving average is $22.18 and its 200-day simple moving average is $21.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

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

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 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.