Alliancebernstein L.P. Sells 34,958 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Alliancebernstein L.P. lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,184,881 shares of the real estate investment trust's stock after selling 34,958 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Healthpeak Properties worth $24,018,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DOC. JPMorgan Chase & Co. raised its position in shares of Healthpeak Properties by 23.2% during 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 buying an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Healthpeak Properties by 2,113.5% in the 4th 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 during the period. Geode Capital Management LLC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $403,898,000. Charles Schwab Investment Management Inc. raised its stake in shares of Healthpeak Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock valued at $205,810,000 after purchasing an additional 53,392 shares in the last quarter. Finally, Norges Bank bought a new position in Healthpeak Properties in the fourth quarter worth $166,804,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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Healthpeak Properties Trading Down 0.2 %

DOC stock traded down $0.03 during midday trading on Friday, hitting $18.14. 8,020,180 shares of the company's stock were exchanged, compared to its average volume of 4,905,413. Healthpeak Properties, Inc. has a one year low of $17.33 and a one year high of $23.26. 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 company has a market cap of $12.69 billion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock's fifty day moving average price is $19.79 and its 200-day moving average price is $20.82.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.22 annualized dividend and a dividend yield of 6.73%. Healthpeak Properties's dividend payout ratio is presently 348.57%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Scotiabank decreased their target price on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Wedbush reissued an "outperform" rating and issued a $24.00 target price on shares of Healthpeak Properties in a research note on Friday. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties has a consensus rating of "Moderate Buy" and an average target price of $23.83.

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.