Sarasin & Partners LLP Lowers Position in Healthpeak Properties, Inc. (NYSE:DOC)

Sarasin & Partners LLP decreased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 442,757 shares of the real estate investment trust’s stock after selling 13,071 shares during the period. Sarasin & Partners LLP owned about 0.06% of Healthpeak Properties worth $8,975,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties during the second quarter worth about $66,000. Point72 DIFC Ltd purchased a new stake in Healthpeak Properties during the second quarter worth about $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Healthpeak Properties during the second quarter worth about $9,024,000. Centaurus Financial Inc. purchased a new stake in Healthpeak Properties during the second quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Healthpeak Properties during the third quarter worth about $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada 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, November 4th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. 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, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.15.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $20.80 on Monday. The firm has a market cap of $14.55 billion, a P/E ratio of 44.26, a P/E/G ratio of 2.12 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 1-year low of $16.01 and a 1-year high of $23.26. The firm has a fifty day moving average of $20.90 and a two-hundred day moving average of $21.52.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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 return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts anticipate that Healthpeak Properties, Inc. will post 1.81 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.77%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.