Frank Rimerman Advisors LLC Raises Position in Healthpeak Properties, Inc. (NYSE:DOC)

Frank Rimerman Advisors LLC lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,445 shares of the real estate investment trust’s stock after acquiring an additional 1,950 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Healthpeak Properties were worth $597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Catalyst Funds Management Pty Ltd boosted its position in shares of Healthpeak Properties by 0.8% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 199,112 shares of the real estate investment trust’s stock worth $4,036,000 after buying an additional 1,600 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Healthpeak Properties by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 476,602 shares of the real estate investment trust’s stock worth $9,661,000 after buying an additional 12,727 shares during the period. Achmea Investment Management B.V. boosted its position in shares of Healthpeak Properties by 34.7% in the fourth quarter. Achmea Investment Management B.V. now owns 431,323 shares of the real estate investment trust’s stock worth $8,743,000 after buying an additional 111,034 shares during the period. Vestcor Inc boosted its position in shares of Healthpeak Properties by 137.3% in the fourth quarter. Vestcor Inc now owns 187,499 shares of the real estate investment trust’s stock worth $3,801,000 after buying an additional 108,484 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of Healthpeak Properties by 144.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 65,151 shares of the real estate investment trust’s stock worth $1,321,000 after buying an additional 38,462 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 2.1 %

Shares of NYSE DOC opened at $20.45 on Monday. The stock’s 50 day moving average price is $20.21 and its two-hundred day moving average price is $21.23. Healthpeak Properties, Inc. has a 52-week low of $17.05 and a 52-week high of $23.26. The stock has a market capitalization of $14.30 billion, a P/E ratio of 58.42, a PEG ratio of 2.17 and a beta of 1.14. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 5.97%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Analyst Upgrades and Downgrades

DOC has been the subject of several analyst reports. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Scotiabank reduced 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. Wedbush reduced their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Mizuho reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Four 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.92.

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.