Envestnet Asset Management Inc. Cuts Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Envestnet Asset Management Inc. lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,385,455 shares of the real estate investment trust's stock after selling 114,216 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of Healthpeak Properties worth $48,353,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth about $403,898,000. Principal Financial Group Inc. lifted its holdings 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 last quarter. Norges Bank purchased a new stake in shares of Healthpeak Properties in the 4th quarter valued at $166,804,000. JPMorgan Chase & Co. grew its holdings in shares of Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Healthpeak Properties by 56,120.9% during the 4th quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust's stock valued at $34,181,000 after purchasing an additional 1,683,066 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

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Healthpeak Properties Stock Up 0.2 %

Shares of DOC traded up $0.04 on Tuesday, reaching $18.75. The stock had a trading volume of 2,006,803 shares, compared to its average volume of 4,897,841. The company has a 50-day simple moving average of $19.76 and a 200-day simple moving average of $20.78. 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 firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Healthpeak Properties, Inc. has a 12-month low of $17.33 and a 12-month high of $23.26.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a $0.1017 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.22 annualized dividend and a dividend yield of 6.51%. Healthpeak Properties's payout ratio is 348.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DOC shares. Scotiabank cut their price target 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. Wedbush restated an "outperform" rating and set a $24.00 price target on shares of Healthpeak Properties in a research report on Friday. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Robert W. Baird lowered their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.

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.