Healthpeak Properties, Inc. (NYSE:DOC) Holdings Trimmed by Beacon Financial Group

Beacon Financial Group cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,254 shares of the real estate investment trust’s stock after selling 2,636 shares during the quarter. Beacon Financial Group’s holdings in Healthpeak Properties were worth $289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $15,548,000. CWM LLC acquired a new position in Healthpeak Properties in the third quarter worth approximately $1,298,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Healthpeak Properties in the third quarter valued at $67,000. Inspire Investing LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $286,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth $136,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DOC shares. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.08.

Healthpeak Properties Price Performance

DOC opened at $19.47 on Thursday. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $21.50. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.27%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s payout ratio is currently 342.87%.

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.