Sanctuary Advisors LLC Sells 19,885 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Sanctuary Advisors LLC lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,313 shares of the real estate investment trust’s stock after selling 19,885 shares during the quarter. Sanctuary Advisors LLC’s holdings in Healthpeak Properties were worth $1,709,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DOC. State Street Corp bought a new stake in Healthpeak Properties during the 3rd quarter worth about $1,093,576,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC acquired a new position in Healthpeak Properties during the third quarter valued at approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Healthpeak Properties during the third quarter valued at approximately $230,988,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

DOC has been the topic of a number of analyst reports. Mizuho dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Wedbush cut their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. Finally, Robert W. Baird reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $19.83 on Tuesday. The business’s 50 day moving average is $20.19 and its 200-day moving average is $21.38. The firm has a market cap of $13.87 billion, a P/E ratio of 56.64, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.305 per share. The ex-dividend date is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.15%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 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.