OLD Mission Capital LLC Invests $887,000 in Healthpeak Properties, Inc. (NYSE:DOC)

OLD Mission Capital LLC purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 43,742 shares of the real estate investment trust’s stock, valued at approximately $887,000.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Healthpeak Properties during the 4th quarter worth approximately $30,000. Groupama Asset Managment bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $37,000. Continuum Advisory LLC purchased a new stake in Healthpeak Properties in the third quarter worth $44,000. AdvisorNet Financial Inc raised its holdings in Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Healthpeak Properties during the fourth quarter valued at $45,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

NYSE DOC opened at $18.42 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.17 and a beta of 1.14. The stock has a 50-day moving average of $20.11 and a 200 day moving average of $21.02. Healthpeak Properties, Inc. has a one year low of $17.80 and a one year high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.62%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s payout ratio is presently 348.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOC. Robert W. Baird decreased their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Wedbush lowered 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. Scotiabank dropped their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

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.