Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,375 shares of the real estate investment trust’s stock after selling 41,649 shares during the period. Healthpeak Properties makes up 3.3% of LDR Capital Management LLC’s portfolio, making the stock its 9th biggest position. LDR Capital Management LLC’s holdings in Healthpeak Properties were worth $2,440,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in Healthpeak Properties in the third quarter worth $1,093,576,000. Geode Capital Management LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $403,898,000. Principal Financial Group Inc. grew its position in shares of Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after acquiring an additional 17,314,572 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $175,697,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. Robert W. Baird reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Wedbush reduced their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $19.75 on Friday. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company’s 50-day moving average is $20.20 and its 200 day moving average is $21.39. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 56.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.18%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is currently 348.58%.

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.