Advisory Services Network LLC Has $596,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Advisory Services Network LLC trimmed its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,382 shares of the real estate investment trust’s stock after selling 792 shares during the quarter. Advisory Services Network LLC’s holdings in Healthpeak Properties were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOC. JPMorgan Chase & Co. increased its position in Healthpeak Properties by 23.2% during 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 purchasing an additional 4,056,931 shares during the period. Diamant Asset Management Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter worth $564,000. Vert Asset Management LLC raised its stake in Healthpeak Properties by 11.1% during the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust’s stock worth $6,167,000 after buying an additional 30,461 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 22,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Healthpeak Properties by 16.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 15,753 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DOC shares. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Wedbush restated an “outperform” rating and set a $24.00 price target on shares of Healthpeak Properties in a report on Friday, April 11th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird cut their target price 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. Finally, Scotiabank decreased 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $18.77 on Wednesday. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $23.26. The firm’s 50-day simple moving average is $19.74 and its 200 day simple moving average is $20.76.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be given a dividend of $0.1017 per share. The ex-dividend date is Monday, June 16th. This represents a $1.22 annualized dividend and a dividend yield of 6.50%. 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.