Zacks Investment Management Has $28.94 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Zacks Investment Management lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,427,638 shares of the real estate investment trust’s stock after purchasing an additional 86,501 shares during the period. Zacks Investment Management’s holdings in Healthpeak Properties were worth $28,938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DOC. AdvisorNet Financial Inc boosted its holdings in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares during the period. Townsquare Capital LLC lifted its holdings in shares of Healthpeak Properties by 5.9% during the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 584 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 598 shares in the last quarter. Huntington National Bank raised its stake in Healthpeak Properties by 3.0% in the 4th quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 613 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Healthpeak Properties by 4.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 700 shares during the period. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $18.77 on Wednesday. The firm has a 50 day moving average of $19.74 and a 200-day moving average of $20.76. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 53.62, a price-to-earnings-growth 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, Inc. has a 52 week low of $17.33 and a 52 week high of $23.26.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.22 annualized dividend and a yield of 6.50%. Healthpeak Properties’s payout ratio is 348.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DOC shares. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday. Robert W. Baird reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Healthpeak Properties in a research note on Friday, April 11th. Scotiabank reduced their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.83.

Healthpeak Properties 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.