Orion Portfolio Solutions LLC Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Orion Portfolio Solutions LLC lowered its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 246,045 shares of the real estate investment trust’s stock after selling 14,210 shares during the period. Orion Portfolio Solutions LLC’s holdings in Healthpeak Properties were worth $4,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pictet Asset Management Holding SA increased its position in Healthpeak Properties by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,051,330 shares of the real estate investment trust’s stock worth $21,310,000 after buying an additional 57,432 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Healthpeak Properties by 3.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140,961 shares of the real estate investment trust’s stock worth $23,127,000 after acquiring an additional 33,949 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Healthpeak Properties in the 4th quarter valued at $2,406,000. Norges Bank purchased a new stake in Healthpeak Properties in the 4th quarter valued at $166,804,000. Finally, Blair William & Co. IL raised its position in Healthpeak Properties by 61.3% in the 4th quarter. Blair William & Co. IL now owns 17,916 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 6,810 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DOC. Mizuho dropped 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. Robert W. Baird dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Wedbush decreased their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. 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. Finally, Scotiabank decreased their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Stock Down 0.1 %

Shares of NYSE DOC opened at $20.20 on Friday. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. The firm has a 50-day moving average price of $20.23 and a 200 day moving average price of $21.10. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.04%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

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.