Raymond James Financial Services Advisors Inc. Cuts Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Raymond James Financial Services Advisors Inc. cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,752 shares of the real estate investment trust’s stock after selling 9,202 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Healthpeak Properties were worth $902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DOC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Healthpeak Properties by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,734 shares of the real estate investment trust’s stock valued at $1,416,000 after buying an additional 7,698 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Healthpeak Properties by 7.9% in the first quarter. Great West Life Assurance Co. Can now owns 181,899 shares of the real estate investment trust’s stock valued at $3,317,000 after buying an additional 13,307 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Healthpeak Properties by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,118,102 shares of the real estate investment trust’s stock valued at $54,693,000 after buying an additional 15,264 shares in the last quarter. Sei Investments Co. increased its position in shares of Healthpeak Properties by 67.4% in the first quarter. Sei Investments Co. now owns 139,127 shares of the real estate investment trust’s stock valued at $2,443,000 after buying an additional 56,006 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Healthpeak Properties by 77.4% during the first quarter. Cetera Investment Advisers now owns 17,778 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 7,754 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of several research reports. Wells Fargo & Company initiated coverage on Healthpeak Properties in a research report on Monday, March 25th. They set an “equal weight” rating and a $19.00 price target for the company. Truist Financial dropped their price target on Healthpeak Properties from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, December 22nd. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Compass Point dropped their price target on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, January 2nd. Finally, Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.67.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $18.30 on Tuesday. Healthpeak Properties, Inc. has a 52 week low of $15.24 and a 52 week high of $22.38. The business’s fifty day simple moving average is $15.48 and its 200-day simple moving average is $13.35. The firm has a market cap of $12.99 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

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.