Intact Investment Management Inc. Lowers Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Intact Investment Management Inc. decreased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 218,800 shares of the real estate investment trust's stock after selling 37,700 shares during the period. Intact Investment Management Inc.'s holdings in Healthpeak Properties were worth $4,435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in shares of Healthpeak Properties by 2.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 476,602 shares of the real estate investment trust's stock valued at $9,661,000 after purchasing an additional 12,727 shares in the last quarter. Achmea Investment Management B.V. increased its position in shares of Healthpeak Properties by 34.7% during the fourth quarter. Achmea Investment Management B.V. now owns 431,323 shares of the real estate investment trust's stock valued at $8,743,000 after acquiring an additional 111,034 shares in the last quarter. Vestcor Inc increased its position in shares of Healthpeak Properties by 137.3% during the fourth quarter. Vestcor Inc now owns 187,499 shares of the real estate investment trust's stock valued at $3,801,000 after acquiring an additional 108,484 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Healthpeak Properties by 144.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 65,151 shares of the real estate investment trust's stock valued at $1,321,000 after acquiring an additional 38,462 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Healthpeak Properties by 7.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 80,139 shares of the real estate investment trust's stock valued at $1,624,000 after acquiring an additional 5,325 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DOC shares. Robert W. Baird reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research report on Wednesday, January 15th. StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.92.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock traded down $0.05 on Wednesday, hitting $20.43. 3,322,389 shares of the company's stock were exchanged, compared to its average volume of 4,632,807. The company has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $21.20. The stock has a market capitalization of $14.29 billion, a PE ratio of 58.36, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 1 year low of $17.21 and a 1 year high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's dividend payout ratio (DPR) is currently 348.57%.

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.