O Shaughnessy Asset Management LLC Sells 2,327 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

O Shaughnessy Asset Management LLC cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,932 shares of the real estate investment trust’s stock after selling 2,327 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Healthpeak Properties were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties during the fourth quarter valued at $30,000. Groupama Asset Managment bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $37,000. Continuum Advisory LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth approximately $44,000. AdvisorNet Financial Inc grew its position in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 563 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Healthpeak Properties during the fourth quarter valued at approximately $45,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of recent research reports. Scotiabank cut their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Wedbush cut their price objective on 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, Robert W. Baird decreased 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 note on Tuesday, February 11th. 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’s stock. According to data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Stock Performance

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 stock 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 company has a fifty day moving average of $20.11 and a 200 day moving average of $21.01. Healthpeak Properties, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.26.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. 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 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.