Hsbc Holdings PLC Purchases 136,422 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Hsbc Holdings PLC increased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,179,288 shares of the real estate investment trust's stock after acquiring an additional 136,422 shares during the period. Hsbc Holdings PLC owned about 0.31% of Healthpeak Properties worth $44,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DOC. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties in the 4th quarter worth $28,000. Harvest Fund Management Co. Ltd bought a new position in shares of Healthpeak Properties in the fourth quarter worth about $30,000. Covestor Ltd raised its stake in shares of Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,152 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 563 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Healthpeak Properties in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DOC. 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. Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Wedbush reissued an "outperform" rating and set a $24.00 price target on shares of Healthpeak Properties in a report on Friday, April 11th. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Robert W. Baird decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and a consensus target price of $23.83.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $17.84 on Friday. Healthpeak Properties, Inc. has a 52-week low of $17.33 and a 52-week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm's fifty day moving average is $19.57 and its 200 day moving average is $20.57. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 2.17 and a beta of 1.02.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties's dividend payout ratio (DPR) is 348.57%.

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.

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