Federated Hermes Inc. Lowers Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Federated Hermes Inc. lowered its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,055,101 shares of the real estate investment trust's stock after selling 1,127,659 shares during the quarter. Federated Hermes Inc. owned approximately 0.86% of Healthpeak Properties worth $27,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Healthpeak Properties by 1.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 64,154 shares of the real estate investment trust's stock worth $928,000 after purchasing an additional 689 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Healthpeak Properties by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 59,900 shares of the real estate investment trust's stock valued at $901,000 after acquiring an additional 793 shares during the last quarter. Arizona State Retirement System boosted its stake in Healthpeak Properties by 1.3% in the third quarter. Arizona State Retirement System now owns 67,879 shares of the real estate investment trust's stock valued at $827,000 after acquiring an additional 877 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in Healthpeak Properties by 2.2% in the fourth quarter. Vident Investment Advisory LLC now owns 41,335 shares of the real estate investment trust's stock worth $598,000 after purchasing an additional 903 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in Healthpeak Properties by 0.3% in the third quarter. New York State Teachers Retirement System now owns 345,580 shares of the real estate investment trust's stock worth $4,213,000 after purchasing an additional 938 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DOC has been the subject of a number of recent analyst reports. StockNews.com raised Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Friday, April 5th. Wells Fargo & Company started coverage on Healthpeak Properties in a report on Monday, March 25th. They issued an "equal weight" rating and a $19.00 price target for the company. Compass Point dropped their price target on Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, January 2nd. Royal Bank of Canada increased their price objective 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. Finally, Bank of America raised shares of Healthpeak Properties from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.67.

Healthpeak Properties Stock Performance

NYSE DOC traded down $0.03 on Friday, hitting $17.98. 5,388,321 shares of the company's stock traded hands, compared to its average volume of 5,276,655. The firm's 50-day moving average price is $15.97 and its two-hundred day moving average price is $13.53. The firm has a market capitalization of $12.76 billion, a PE ratio of 32.11, a P/E/G ratio of 1.77 and a beta of 1.02. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $22.38.

About Healthpeak Properties

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.