Commonwealth Equity Services LLC Has $9.66 Million Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Commonwealth Equity Services LLC increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.7% during the fourth quarter, HoldingsChannel reports. The fund owned 476,602 shares of the real estate investment trust’s stock after buying an additional 12,727 shares during the period. Commonwealth Equity Services LLC’s holdings in Healthpeak Properties were worth $9,661,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DOC. State Street Corp acquired a new position in Healthpeak Properties in the 3rd quarter worth $1,093,576,000. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Healthpeak Properties by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock valued at $205,810,000 after acquiring an additional 53,392 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.43 on Thursday. The company’s 50-day moving average is $20.23 and its 200-day moving average is $21.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $14.29 billion, a PE ratio of 58.36, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $23.26.

Healthpeak Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DOC. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on shares of 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. Mizuho reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Finally, Robert W. Baird dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

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.