MFG Wealth Management Inc. Acquires Shares of 123,623 Healthpeak Properties, Inc. (NYSE:DOC)

MFG Wealth Management Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 123,623 shares of the real estate investment trust’s stock, valued at approximately $2,506,000. Healthpeak Properties comprises approximately 2.3% of MFG Wealth Management Inc.’s holdings, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. HM Payson & Co. bought a new stake in shares of Healthpeak Properties during the third quarter worth approximately $25,000. S.A. Mason LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $32,000. Barrett & Company Inc. bought a new stake in Healthpeak Properties in the 3rd quarter valued at $33,000. Finally, Riverview Trust Co acquired a new position in Healthpeak Properties in the 3rd quarter valued at $35,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DOC. Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Wednesday, January 15th. Finally, Robert W. Baird lowered 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 Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.08.

Healthpeak Properties Trading Down 0.7 %

Shares of DOC opened at $19.47 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 2.18 and a beta of 1.15. The business’s fifty day moving average is $20.46 and its 200-day moving average is $21.50.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date is Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is currently 342.87%.

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.