Dimensional Fund Advisors LP Sells 40,458 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Dimensional Fund Advisors LP cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,315,074 shares of the real estate investment trust's stock after selling 40,458 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.47% of Healthpeak Properties worth $209,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted 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 worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. Diamant Asset Management Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth $564,000. Vert Asset Management LLC increased its stake in Healthpeak Properties by 11.1% in the 4th quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock worth $6,167,000 after buying an additional 30,461 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Healthpeak Properties by 25.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock valued at $2,213,000 after acquiring an additional 22,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Healthpeak Properties by 16.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock valued at $2,217,000 after acquiring an additional 15,753 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on DOC shares. Wedbush reissued an "outperform" rating and set a $24.00 target price on shares of Healthpeak Properties in a research note on Friday, April 11th. Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Robert W. Baird reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.83.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $18.81 on Wednesday. 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 stock's fifty day moving average is $19.63 and its 200 day moving average is $20.63. The firm has a market capitalization of $13.16 billion, a PE ratio of 53.74, a PEG ratio of 2.17 and a beta of 1.02. Healthpeak Properties, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $23.26.

Healthpeak Properties Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a $0.1017 dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 6.5%. 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.

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