Duff & Phelps Investment Management Co. Trims Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Duff & Phelps Investment Management Co. lessened its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 637,478 shares of the real estate investment trust’s stock after selling 12,610 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Healthpeak Properties were worth $12,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties during the fourth quarter worth $30,000. Continuum Advisory LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $44,000. AdvisorNet Financial Inc grew its position 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 acquiring an additional 563 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at about $45,000. Finally, Assetmark Inc. increased its position in shares of Healthpeak Properties by 433.5% in the fourth quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 2,423 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $20.24 on Friday. The firm has a 50 day simple moving average of $20.24 and a 200-day simple moving average of $21.12. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 57.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 1-year low of $17.80 and a 1-year high of $23.26.

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 paid a dividend of $0.305 per share. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.03%. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of research analyst reports. Wedbush reduced their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Mizuho lowered their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Robert W. Baird reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Finally, Morgan Stanley upgraded 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. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

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.