Hartford Investment Management Co. Trims Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Hartford Investment Management Co. lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,044 shares of the real estate investment trust’s stock after selling 835 shares during the period. Hartford Investment Management Co.’s holdings in Healthpeak Properties were worth $873,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties during the third quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the third quarter valued at about $32,000. Barrett & Company Inc. bought a new position in shares of Healthpeak Properties in the third quarter worth about $33,000. Finally, Riverview Trust Co purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at about $35,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Down 1.9 %

Shares of DOC opened at $19.57 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.31. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 55.92, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The business’s 50 day simple moving average is $20.36 and its 200-day simple moving average is $21.46.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.23%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DOC. Royal Bank of Canada increased their target price 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. Mizuho decreased 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 report on Thursday, December 5th. Wells Fargo & Company dropped their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Robert W. Baird decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

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.