Healthpeak Properties, Inc. (NYSE:DOC) Holdings Boosted by Armor Investment Advisors LLC

Armor Investment Advisors LLC boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,619 shares of the real estate investment trust’s stock after acquiring an additional 1,597 shares during the period. Armor Investment Advisors LLC’s holdings in Healthpeak Properties were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% in 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 acquiring an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Healthpeak Properties in the third quarter worth about $1,880,000. Swedbank AB bought a new position in Healthpeak Properties in the third quarter worth about $1,832,000. Pathstone Holdings LLC bought a new position in Healthpeak Properties in the third quarter worth about $1,968,000. Finally, Associated Banc Corp bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $10,559,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

NYSE DOC opened at $19.58 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.31. The firm has a market capitalization of $13.70 billion, a PE ratio of 55.94, a P/E/G ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The company’s 50 day simple moving average is $20.54 and its 200 day simple moving average is $21.52.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.23%. Healthpeak Properties’s payout ratio is 342.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DOC. Wells Fargo & Company cut their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.15.

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.