Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,143 shares of the real estate investment trust’s stock after acquiring an additional 4,446 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Healthpeak Properties were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its holdings in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares during the period. HM Payson & Co. acquired a new stake in Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties in the third quarter worth about $26,000. Harbor Capital Advisors Inc. boosted its stake in Healthpeak Properties by 5.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 1,186 shares during the period. Finally, Rise Advisors LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

DOC opened at $20.82 on Friday. The business has a 50 day moving average price of $20.83 and a two-hundred day moving average price of $21.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the company earned $0.45 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Research analysts predict that Healthpeak Properties, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DOC. 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 report on Wednesday, January 15th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Company 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.