Sfmg LLC Has $2.63 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Sfmg LLC reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,420 shares of the real estate investment trust's stock after selling 98,003 shares during the period. Sfmg LLC owned 0.08% of Healthpeak Properties worth $2,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of Healthpeak Properties during the first quarter worth approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in Healthpeak Properties by 42.4% during 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 during the period. Benjamin Edwards Inc. grew 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 valued at $73,000 after purchasing an additional 2,614 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Healthpeak Properties by 52.1% during the second quarter. Harbour Investments Inc. now owns 6,426 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of Healthpeak Properties during the first quarter worth $102,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DOC. Compass Point reduced their target price on Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, January 2nd. Wells Fargo & Company assumed coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an "equal weight" rating and a $19.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Friday, April 5th. Finally, Truist Financial dropped their price objective on Healthpeak Properties from $15.00 to $14.00 and set a "hold" rating for the company in a research note on Friday, December 22nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.67.

Healthpeak Properties Stock Up 1.4 %

Shares of DOC traded up $0.25 during mid-day trading on Wednesday, reaching $18.07. 4,067,191 shares of the stock traded hands, compared to its average volume of 7,418,727. The stock has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $13.39. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $22.38. 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 firm has a market cap of $12.82 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 1.80 and a beta of 1.02.

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.