Private Advisor Group LLC Has $243,000 Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Private Advisor Group LLC cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,010 shares of the real estate investment trust’s stock after selling 5,699 shares during the quarter. Private Advisor Group LLC’s holdings in Healthpeak Properties were worth $243,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. State Street Corp acquired a new position in shares of Healthpeak Properties in the third quarter valued at $1,093,576,000. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at $403,898,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Healthpeak Properties in the third quarter valued at $230,988,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on DOC shares. Robert W. Baird cut 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. Scotiabank cut their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Mizuho dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wedbush dropped 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, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $20.11 on Friday. The stock’s fifty day moving average is $20.19 and its 200-day moving average is $21.31. 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 $14.07 billion, a PE ratio of 57.45, a PEG ratio of 2.17 and a beta of 1.15. Healthpeak Properties, Inc. has a 52 week low of $16.66 and a 52 week high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is presently 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.