Prudential Financial Inc. cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 25.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,135,378 shares of the real estate investment trust's stock after selling 381,459 shares during the quarter. Prudential Financial Inc. owned 0.16% of Healthpeak Properties worth $23,014,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of Healthpeak Properties by 16.9% during the fourth quarter. LPL Financial LLC now owns 3,628,407 shares of the real estate investment trust's stock valued at $73,548,000 after purchasing an additional 525,844 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Healthpeak Properties during the 4th quarter valued at about $4,362,000. Sfmg LLC lifted its stake in Healthpeak Properties by 5.1% during the 4th quarter. Sfmg LLC now owns 103,179 shares of the real estate investment trust's stock valued at $2,091,000 after acquiring an additional 5,023 shares during the period. American Century Companies Inc. boosted its holdings in shares of Healthpeak Properties by 0.6% during the 4th quarter. American Century Companies Inc. now owns 5,372,508 shares of the real estate investment trust's stock valued at $108,901,000 after acquiring an additional 31,529 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of Healthpeak Properties by 45.3% in the fourth quarter. Mizuho Securities USA LLC now owns 66,291 shares of the real estate investment trust's stock worth $1,344,000 after acquiring an additional 20,654 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on DOC shares. StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Wedbush dropped their price target 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. Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Scotiabank lowered 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. Finally, Mizuho cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus target price of $23.92.
Check Out Our Latest Stock Analysis on DOC
Healthpeak Properties Price Performance
Shares of DOC traded up $0.04 during mid-day trading on Monday, reaching $20.23. The stock had a trading volume of 6,085,392 shares, compared to its average volume of 4,861,372. The business has a fifty day moving average of $20.22 and a 200 day moving average of $21.08. 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 cap of $14.15 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 12 month low of $17.80 and a 12 month high of $23.26.
Healthpeak Properties Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's dividend payout ratio is presently 348.57%.
Healthpeak Properties Company Profile
(
Free Report)
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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