Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,184,881 shares of the real estate investment trust’s stock after selling 34,958 shares during the quarter. Alliancebernstein L.P.’s holdings in Healthpeak Properties were worth $24,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in DOC. JPMorgan Chase & Co. boosted its holdings in shares of Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $22,995,000. HighTower Advisors LLC acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $4,141,000. Diamant Asset Management Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $564,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $29,226,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Wednesday, January 15th. Scotiabank cut 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 report on Friday, February 28th. Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Finally, Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $23.83.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $18.20 on Tuesday. Healthpeak Properties, Inc. has a 52 week low of $17.56 and a 52 week high of $23.26. The company has a 50-day moving average price of $20.05 and a 200 day moving average price of $20.98. The company has a market cap of $12.73 billion, a P/E ratio of 51.99, a PEG ratio of 2.17 and a beta of 1.02. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.305 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.70%. Healthpeak Properties’s payout ratio is 348.57%.

Healthpeak Properties Company 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.