Cullen Capital Management LLC Sells 20,262 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Cullen Capital Management LLC cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,820,838 shares of the real estate investment trust's stock after selling 20,262 shares during the quarter. Healthpeak Properties makes up 2.0% of Cullen Capital Management LLC's portfolio, making the stock its 23rd largest position. Cullen Capital Management LLC owned about 1.26% of Healthpeak Properties worth $178,798,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties during the 4th quarter worth approximately $30,000. Groupama Asset Managment acquired a new stake in Healthpeak Properties in the third quarter valued at $37,000. Continuum Advisory LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $44,000. AdvisorNet Financial Inc increased its position in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after buying an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Healthpeak Properties during the 4th quarter worth approximately $45,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have 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 research report on Tuesday, February 11th. Morgan Stanley raised shares of 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. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Wedbush lowered their target price on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Finally, Scotiabank reduced their price target 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. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.83.

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Healthpeak Properties Price Performance

NYSE:DOC traded down $0.65 during trading hours on Thursday, hitting $17.99. The company's stock had a trading volume of 1,916,741 shares, compared to its average volume of 4,974,630. Healthpeak Properties, Inc. has a twelve month low of $17.33 and a twelve month 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 stock has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $20.88. The company has a market capitalization of $12.59 billion, a P/E ratio of 51.41, a PEG ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Monday, June 16th. Healthpeak Properties's dividend payout ratio (DPR) is presently 348.57%.

Healthpeak Properties Company 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.