Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Allstate Corp

Allstate Corp decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,428 shares of the real estate investment trust's stock after selling 20,206 shares during the quarter. Allstate Corp's holdings in Healthpeak Properties were worth $4,529,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DOC. Harvest Fund Management Co. Ltd purchased a new position in Healthpeak Properties during the fourth quarter worth approximately $30,000. Continuum Advisory LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $44,000. AdvisorNet Financial Inc grew its stake in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 563 shares during the period. Kestra Investment Management LLC purchased a new stake in Healthpeak Properties in the 4th quarter worth $45,000. Finally, Assetmark Inc. raised its position in Healthpeak Properties by 433.5% during the fourth quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 2,423 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Wedbush cut 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. 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 research note on Wednesday, January 15th. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Finally, Scotiabank decreased their price objective 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. Four investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.83.

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Healthpeak Properties Trading Up 0.1 %

Shares of DOC stock traded up $0.02 on Wednesday, hitting $20.04. The stock had a trading volume of 1,130,087 shares, compared to its average volume of 4,842,305. The company's 50 day moving average price is $20.19 and its 200-day moving average price is $21.06. Healthpeak Properties, Inc. has a 1 year low of $17.80 and a 1 year high of $23.26. 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 firm has a market capitalization of $14.02 billion, a P/E ratio of 57.26, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.09%. 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 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.