Sandy Spring Bank Has $53,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Sandy Spring Bank reduced its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,630 shares of the real estate investment trust’s stock after selling 588 shares during the quarter. Sandy Spring Bank’s holdings in Healthpeak Properties were worth $53,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DOC. Thrivent Financial for Lutherans acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $1,880,000. MAI Capital Management acquired a new position in shares of Healthpeak Properties in the third quarter worth $497,000. Pathstone Holdings LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $1,968,000. PNC Financial Services Group Inc. acquired a new position in shares of Healthpeak Properties in the third quarter worth $4,030,000. Finally, Avior Wealth Management LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $37,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Down 1.6 %

DOC stock opened at $20.02 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 52-week low of $17.45 and a 52-week high of $23.26. The company has a 50-day moving average of $20.24 and a two-hundred day moving average of $21.17. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.10%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is 348.57%.

Wall Street Analyst Weigh In

DOC has been the topic of a number of research reports. Mizuho dropped their price target 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. Wedbush dropped their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Scotiabank dropped their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Finally, Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $23.92.

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.