Sequoia Financial Advisors LLC Purchases New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Sequoia Financial Advisors LLC purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,153 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Healthpeak Properties by 527.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,889,863 shares of the real estate investment trust’s stock valued at $67,878,000 after purchasing an additional 3,269,484 shares during the period. Norges Bank acquired a new stake in shares of Healthpeak Properties in the fourth quarter valued at about $27,734,000. JPMorgan Chase & Co. grew its position in shares of Healthpeak Properties by 88.2% in the first quarter. JPMorgan Chase & Co. now owns 3,572,415 shares of the real estate investment trust’s stock valued at $53,336,000 after purchasing an additional 1,674,012 shares during the period. State Street Corp grew its position in shares of Healthpeak Properties by 16.3% in the first quarter. State Street Corp now owns 11,341,180 shares of the real estate investment trust’s stock valued at $201,488,000 after purchasing an additional 1,591,038 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Healthpeak Properties by 2.9% in the first quarter. Vanguard Group Inc. now owns 33,204,777 shares of the real estate investment trust’s stock valued at $582,412,000 after purchasing an additional 921,905 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $17.97 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50-day moving average is $15.84 and its two-hundred day moving average is $13.45. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $22.38. The company has a market capitalization of $12.75 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.02.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DOC. KeyCorp reiterated a “sector weight” rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Bank of America upgraded shares of 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. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Truist Financial lowered their price target on shares of Healthpeak Properties from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, December 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an “equal weight” rating and a $19.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.