Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 12.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,606 shares of the real estate investment trust’s stock after acquiring an additional 3,279 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Healthpeak Properties were worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DOC. FMR LLC acquired a new stake in Healthpeak Properties during the third quarter worth $67,058,000. Townsquare Capital LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth $226,000. Glenmede Trust Co. NA acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $359,000. CreativeOne Wealth LLC purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $210,000. Finally, Public Sector Pension Investment Board acquired a new position in Healthpeak Properties in the third quarter valued at about $2,818,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Robert W. Baird dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Scotiabank cut their target price on 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. Wedbush lowered their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Morgan Stanley raised 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. Finally, Mizuho decreased 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 Thursday, December 5th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $20.07 on Thursday. The business has a 50-day simple moving average of $20.18 and a 200-day simple moving average of $21.05. 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 one year low of $17.80 and a one year high of $23.26. The company has a market cap of $14.04 billion, a PE ratio of 57.34, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.08%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 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.