TD Private Client Wealth LLC Has $211,000 Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

TD Private Client Wealth LLC cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,425 shares of the real estate investment trust’s stock after selling 2,476 shares during the quarter. TD Private Client Wealth LLC’s holdings in Healthpeak Properties were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp acquired a new position in shares of Healthpeak Properties during the third quarter worth $1,093,576,000. Geode Capital Management LLC bought a new stake in Healthpeak Properties during the 3rd quarter worth $403,898,000. Principal Financial Group Inc. increased its holdings in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Healthpeak Properties in the third quarter valued at about $175,697,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $20.16 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 57.60, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The firm has a 50 day moving average of $20.25 and a 200-day moving average of $21.14. Healthpeak Properties, Inc. has a 52 week low of $17.51 and a 52 week high of $23.26.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.05%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of research reports. Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report 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 for the company in a research note on Friday, February 28th. Robert W. Baird reduced 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 Tuesday, February 11th. Wells Fargo & Company lowered their target price on 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. Finally, Mizuho reduced 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 Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.