Harbour Investments Inc. Sells 3,302 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Harbour Investments Inc. decreased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,236 shares of the real estate investment trust’s stock after selling 3,302 shares during the quarter. Harbour Investments Inc.’s holdings in Healthpeak Properties were worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Avior Wealth Management LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $37,000. Groupama Asset Managment bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $37,000. Wiser Advisor Group LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $42,000. Continuum Advisory LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $44,000. Finally, AdvisorNet Financial Inc raised 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 last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $20.46 on Wednesday. The firm has a market cap of $14.32 billion, a PE ratio of 58.47, a PEG ratio of 2.17 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1-year low of $17.21 and a 1-year high of $23.26. The company has a fifty day moving average price of $20.23 and a 200 day moving average price of $21.20.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a dividend of $0.305 per share. The ex-dividend date was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 5.96%. Healthpeak Properties’s payout ratio is 348.57%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOC. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Wedbush decreased their price target 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. Morgan Stanley raised shares of 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. Finally, StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus target price of $23.92.

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.