Allspring Global Investments Holdings LLC Decreases Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Allspring Global Investments Holdings LLC lowered its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 5.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,833 shares of the real estate investment trust’s stock after selling 1,871 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Healthpeak Properties were worth $662,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. HM Payson & Co. acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties during the third quarter worth about $26,000. Fortitude Family Office LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $32,000. Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties in the third quarter valued at $33,000. Finally, Avior Wealth Management LLC acquired a new position in Healthpeak Properties during the third quarter worth about $37,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wedbush dropped their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Robert W. Baird reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Finally, StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Healthpeak Properties Stock Performance

NYSE DOC opened at $19.75 on Monday. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The firm has a 50-day moving average price of $20.20 and a two-hundred day moving average price of $21.39. 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 company has a market capitalization of $13.81 billion, a P/E ratio of 56.42, a P/E/G ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.18%. Healthpeak Properties’s payout ratio is presently 348.57%.

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.