Sei Investments Co. Sells 317,721 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Sei Investments Co. trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,496,951 shares of the real estate investment trust's stock after selling 317,721 shares during the period. Sei Investments Co. owned approximately 0.21% of Healthpeak Properties worth $30,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new stake in Healthpeak Properties in the third quarter worth $1,880,000. Pathstone Holdings LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $1,968,000. Avior Wealth Management LLC bought a new position in Healthpeak Properties in the third quarter valued at approximately $37,000. Commerce Bank acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $400,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Healthpeak Properties during the third quarter worth $917,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

DOC stock traded down $0.03 during trading hours on Friday, reaching $20.20. The stock had a trading volume of 3,458,537 shares, compared to its average volume of 4,856,476. The stock has a market capitalization of $14.13 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The stock has a 50-day simple moving average of $20.23 and a 200 day simple moving average of $21.10. Healthpeak Properties, Inc. has a fifty-two week low of $17.80 and a fifty-two week 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.

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Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.305 dividend. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.04%. Healthpeak Properties's dividend payout ratio is currently 348.57%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DOC shares. Mizuho reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Morgan Stanley raised 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. Robert W. Baird dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. 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 report on Friday, February 28th. Finally, Wedbush decreased their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, February 14th. Four equities research 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 company's stock. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.92.

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.