Hsbc Holdings PLC cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 12.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,952,394 shares of the real estate investment trust’s stock after selling 431,633 shares during the quarter. Hsbc Holdings PLC’s holdings in Healthpeak Properties were worth $63,263,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DOC. Canada Pension Plan Investment Board acquired a new stake in shares of Healthpeak Properties during the second quarter worth approximately $441,000. Jones Financial Companies Lllp increased its stake in Healthpeak Properties by 10.7% in the 2nd quarter. Jones Financial Companies Lllp now owns 263,547 shares of the real estate investment trust’s stock valued at $5,679,000 after buying an additional 25,445 shares during the period. Allstate Corp increased its stake in Healthpeak Properties by 13.4% in the 2nd quarter. Allstate Corp now owns 148,716 shares of the real estate investment trust’s stock valued at $3,183,000 after buying an additional 17,564 shares during the period. Sanctuary Advisors LLC lifted its position in Healthpeak Properties by 5.4% in the 2nd quarter. Sanctuary Advisors LLC now owns 149,426 shares of the real estate investment trust’s stock worth $3,198,000 after buying an additional 7,591 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter valued at $3,241,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
Healthpeak Properties Stock Down 0.6%
Shares of DOC opened at $21.54 on Thursday. The company has a 50-day simple moving average of $21.48 and a 200-day simple moving average of $19.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. Healthpeak Properties, Inc. has a 52 week low of $15.70 and a 52 week high of $22.95. The firm has a market capitalization of $14.85 billion, a P/E ratio of 61.54, a P/E/G ratio of 2.36 and a beta of 1.01.
Healthpeak Properties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be paid a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Wells Fargo & Company boosted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Evercore lowered Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 target price on the stock. in a research report on Monday, May 11th. Mizuho raised their price target on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. raised their price target on Healthpeak Properties from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.66.
Get Our Latest Analysis on DOC
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.
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