LPL Financial LLC Acquires 525,844 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

LPL Financial LLC raised its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,628,407 shares of the real estate investment trust’s stock after buying an additional 525,844 shares during the quarter. LPL Financial LLC’s holdings in Healthpeak Properties were worth $73,548,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties in the fourth quarter worth $30,000. Groupama Asset Managment purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $37,000. Continuum Advisory LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $44,000. AdvisorNet Financial Inc boosted its stake in shares of Healthpeak Properties by 34.5% during the 4th 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 in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties during the fourth quarter valued at about $45,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotiabank cut their price objective 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. Mizuho dropped 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. 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 report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.32 on Thursday. Healthpeak Properties, Inc. has a twelve month low of $17.70 and a twelve month high of $23.26. The company has a market capitalization of $14.21 billion, a P/E ratio of 58.04, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The firm has a 50 day moving average of $20.25 and a 200 day moving average of $21.13. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.01%. 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.