Rhumbline Advisers Sells 10,655 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Rhumbline Advisers lowered its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,284,665 shares of the real estate investment trust’s stock after selling 10,655 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Healthpeak Properties worth $26,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DOC. State Street Corp bought a new position in Healthpeak Properties in the 3rd quarter worth about $1,093,576,000. Geode Capital Management LLC bought a new position in Healthpeak Properties in the 3rd quarter worth about $403,898,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $102,615,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $19.52 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50 day simple moving average is $20.25 and its two-hundred day simple moving average is $21.41. The stock has a market capitalization of $13.65 billion, a P/E ratio of 55.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s payout ratio is 348.58%.

Analyst Ratings Changes

Several analysts have weighed in on DOC shares. Wedbush lowered their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Wells Fargo & Company lowered 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. 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. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.