Williamson Legacy Group LLC Buys New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Williamson Legacy Group LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46,301 shares of the real estate investment trust’s stock, valued at approximately $939,000.

Several other large investors have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its position in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares during the period. Exchange Traded Concepts LLC increased its position in Healthpeak Properties by 10.0% in the 4th 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 during the period. Mirador Capital Partners LP increased its position in Healthpeak Properties by 2.8% in the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after acquiring an additional 901 shares during the period. Concurrent Investment Advisors LLC increased its position in Healthpeak Properties by 10.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,117 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 927 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Healthpeak Properties by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 968 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Wedbush lowered their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Robert W. Baird lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $20.44 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 2.17 and a beta of 1.15. The stock’s fifty day simple moving average is $20.18 and its 200 day simple moving average is $21.36. Healthpeak Properties, Inc. has a 52-week low of $16.49 and a 52-week high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

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.