International Assets Investment Management LLC Decreases Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

International Assets Investment Management LLC trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 96.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,511 shares of the real estate investment trust's stock after selling 261,930 shares during the period. International Assets Investment Management LLC's holdings in Healthpeak Properties were worth $212,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Healthpeak Properties in the third quarter valued at $1,880,000. Swedbank AB acquired a new position in shares of Healthpeak Properties during the third quarter valued at about $1,832,000. Pathstone Holdings LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth about $1,968,000. Finally, Associated Banc Corp acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $10,559,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded up $0.13 on Tuesday, hitting $20.13. The company's stock had a trading volume of 3,802,668 shares, compared to its average volume of 3,898,833. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $14.08 billion, a PE ratio of 42.83, a PEG ratio of 2.31 and a beta of 1.14. The company has a 50-day simple moving average of $21.02 and a 200 day simple moving average of $21.49.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.96%. Healthpeak Properties's dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DOC. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Finally, Mizuho cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus target price of $24.08.

Healthpeak Properties Company 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.