Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 16.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,652 shares of the real estate investment trust’s stock after selling 2,558 shares during the quarter. Farther Finance Advisors LLC’s holdings in Healthpeak Properties were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DOC. Avior Wealth Management LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth approximately $37,000. Groupama Asset Managment bought a new position in Healthpeak Properties during the third quarter worth $37,000. Wiser Advisor Group LLC bought a new position in Healthpeak Properties during the third quarter worth $42,000. Continuum Advisory LLC bought a new position in Healthpeak Properties during the third quarter worth $44,000. Finally, AdvisorNet Financial Inc lifted its stake in 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 purchasing an additional 563 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DOC shares. Mizuho reduced their price objective 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. Scotiabank reduced their price objective on 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. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $20.46 on Wednesday. Healthpeak Properties, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $23.26. The firm’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $21.20. 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 cap of $14.32 billion, a P/E ratio of 58.47, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a dividend of $0.305 per share. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s payout ratio is currently 348.57%.

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.