Meridian Investment Counsel Inc. Decreases Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Meridian Investment Counsel Inc. reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,911 shares of the real estate investment trust’s stock after selling 2,097 shares during the period. Meridian Investment Counsel Inc.’s holdings in Healthpeak Properties were worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $1,093,576,000. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% during the 3rd 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 last quarter. Principal Financial Group Inc. lifted its stake in Healthpeak Properties by 2,113.5% in the fourth 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 buying an additional 17,314,572 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Healthpeak Properties during the third quarter worth about $403,898,000. Finally, Charles Schwab Investment Management Inc. increased its position 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 during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of recent research reports. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. 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 report on Wednesday, January 15th. Mizuho dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wedbush cut their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Finally, Scotiabank decreased their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Four 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $20.20 on Monday. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $20.23 and a 200 day moving average of $21.09.

Healthpeak Properties Increases Dividend

The company also recently declared 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 represents a $1.22 annualized dividend and a yield of 6.04%. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio 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.