Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Sippican Capital Advisors

Sippican Capital Advisors cut its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 72.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,771 shares of the real estate investment trust's stock after selling 100,161 shares during the quarter. Sippican Capital Advisors' holdings in Healthpeak Properties were worth $516,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in shares of Healthpeak Properties in the 1st quarter worth about $27,000. Allspring Global Investments Holdings LLC increased its stake in shares of Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 1,712 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Healthpeak Properties by 99.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,237 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 2,614 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Healthpeak Properties by 52.1% in the 2nd quarter. Harbour Investments Inc. now owns 6,426 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in shares of Healthpeak Properties in the 1st quarter worth about $102,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded down $0.22 during trading on Monday, reaching $18.30. 5,117,909 shares of the company traded hands, compared to its average volume of 7,480,837. The firm has a 50 day simple moving average of $15.48 and a 200-day simple moving average of $13.35. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $12.99 billion, a PE ratio of 32.68, a P/E/G ratio of 1.82 and a beta of 1.02. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $22.38.

Analyst Ratings Changes

A number of analysts have weighed in on DOC shares. KeyCorp restated a "sector weight" rating on shares of Healthpeak Properties in a research note on Friday, January 5th. Compass Point reduced their price objective on shares of Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, January 2nd. Bank of America upgraded shares of Healthpeak Properties from an "underperform" rating to a "buy" rating and raised their price objective for the company from $18.00 to $25.00 in a research note on Monday, April 1st. Truist Financial reduced their price objective on shares of Healthpeak Properties from $15.00 to $14.00 and set a "hold" rating for the company in a research note on Friday, December 22nd. Finally, StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.67.

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.