Douglas Lane & Associates LLC Has $52.18 Million Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Douglas Lane & Associates LLC boosted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 73.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,574,455 shares of the real estate investment trust’s stock after purchasing an additional 1,090,130 shares during the period. Douglas Lane & Associates LLC’s holdings in Healthpeak Properties were worth $52,184,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DOC. HM Payson & Co. bought a new position in Healthpeak Properties in the third quarter valued at about $25,000. S.A. Mason LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $33,000. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.08.

Healthpeak Properties Trading Up 2.1 %

Healthpeak Properties stock traded up $0.42 during mid-day trading on Wednesday, hitting $20.33. 1,813,137 shares of the stock were exchanged, compared to its average volume of 3,470,908. The firm’s fifty day simple moving average is $21.24 and its two-hundred day simple moving average is $21.47. 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, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 2.31 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last announced its 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 firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.90%. Healthpeak Properties’s payout ratio is 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.