Tectonic Advisors LLC Grows Position in Healthpeak Properties, Inc. (NYSE:DOC)

Tectonic Advisors LLC increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,394 shares of the real estate investment trust's stock after purchasing an additional 36,084 shares during the quarter. Tectonic Advisors LLC owned 0.05% of Healthpeak Properties worth $7,467,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $1,093,576,000. Geode Capital Management LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $403,898,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $102,615,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DOC. 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. Mizuho dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Finally, Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus target price of $24.15.

Healthpeak Properties Stock Performance

DOC traded down $0.27 on Friday, hitting $19.85. 6,439,352 shares of the company traded hands, compared to its average volume of 4,675,860. The company has a 50 day moving average of $20.54 and a 200-day moving average of $21.51. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The stock has a market capitalization of $13.89 billion, a PE ratio of 56.71, a PEG ratio of 2.18 and a beta of 1.15. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 6.15%. The ex-dividend date is Friday, February 14th. Healthpeak Properties's payout ratio is currently 342.87%.

About Healthpeak Properties

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.