Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by GeoWealth Management LLC

GeoWealth Management LLC trimmed its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,298 shares of the real estate investment trust’s stock after selling 874 shares during the period. GeoWealth Management LLC’s holdings in Healthpeak Properties were worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DOC. Mizuho Bank Ltd. purchased a new position in shares of Healthpeak Properties in the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd acquired a new position in Healthpeak Properties during the fourth quarter worth about $30,000. Covestor Ltd lifted its holdings in shares of Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Healthpeak Properties in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC stock opened at $18.75 on Monday. The stock has a 50-day simple moving average of $19.68 and a 200-day simple moving average of $20.67. The firm has a market cap of $13.11 billion, a P/E ratio of 53.56, a price-to-earnings-growth 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 1 year low of $17.33 and a 1 year high of $23.26.

Healthpeak Properties Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on DOC. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, April 14th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. Wedbush reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Healthpeak Properties in a research note on Friday, April 11th. Robert W. Baird reduced their price target 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. Finally, Scotiabank lowered their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $23.83.

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.