Venturi Wealth Management LLC Reduces Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Venturi Wealth Management LLC reduced its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 75.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,566 shares of the real estate investment trust’s stock after selling 4,799 shares during the quarter. Venturi Wealth Management LLC’s holdings in Healthpeak Properties were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DOC. HM Payson & Co. bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $32,000. Avior Wealth Management LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $37,000. Finally, Wiser Advisor Group LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $42,000. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Healthpeak Properties Stock Up 2.2 %

DOC opened at $20.27 on Wednesday. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. 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 firm has a 50 day moving average price of $20.19 and a 200-day moving average price of $21.38. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 57.91, a PEG ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

Healthpeak Properties Company 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.