SeaBridge Investment Advisors LLC Decreases Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

SeaBridge Investment Advisors LLC trimmed its position in Healthpeak Properties, Inc. (NYSE:DOCFree Report) by 63.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,575 shares of the real estate investment trust’s stock after selling 71,192 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Healthpeak Properties were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

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

Healthpeak Properties Stock Up 0.7 %

NYSE DOC opened at $20.66 on Friday. The business’s fifty day simple moving average is $20.75 and its 200-day simple moving average is $21.55. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $14.45 billion, a PE ratio of 43.96, a P/E/G ratio of 2.18 and a beta of 1.14. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Mizuho cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.15.

Get Our Latest Stock Report on DOC

Healthpeak Properties Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Healthpeak Properties (NYSE:DOC)

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