Sagespring Wealth Partners LLC Purchases Shares of 15,400 Healthpeak Properties, Inc. (NYSE:DOC)

Sagespring Wealth Partners LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 15,400 shares of the real estate investment trust’s stock, valued at approximately $312,000.

A number of other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP bought a new position in Healthpeak Properties during the 3rd quarter valued at $1,599,000. National Bank of Canada FI bought a new position in shares of Healthpeak Properties during the third quarter valued at about $69,000. Barclays PLC purchased a new position in Healthpeak Properties during the third quarter worth about $35,078,000. Teachers Retirement System of The State of Kentucky bought a new stake in Healthpeak Properties in the 3rd quarter worth about $1,255,000. Finally, M&T Bank Corp purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $22,995,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOC. Robert W. Baird cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday. Wedbush restated an “outperform” rating and set a $24.00 price target on shares of Healthpeak Properties in a research report on Friday, April 11th. Finally, Scotiabank lowered 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 report 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 given a strong buy rating to the company. Based on data from MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Healthpeak Properties Price Performance

NYSE:DOC opened at $18.61 on Thursday. Healthpeak Properties, Inc. has a 52-week low of $17.33 and a 52-week high of $23.26. The stock has a fifty day moving average of $19.71 and a 200 day moving average of $20.75. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a $0.1017 dividend. This represents a yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

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.