Kingswood Wealth Advisors LLC reduced its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 50.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,773 shares of the real estate investment trust's stock after selling 18,355 shares during the period. Kingswood Wealth Advisors LLC's holdings in Healthpeak Properties were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its position in Healthpeak Properties by 27.1% during the fourth quarter. AlphaMark Advisors LLC now owns 41,335 shares of the real estate investment trust's stock valued at $838,000 after purchasing an additional 8,815 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust's stock worth $133,000 after buying an additional 598 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Healthpeak Properties by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust's stock worth $115,000 after buying an additional 968 shares during the period. HB Wealth Management LLC lifted its position in shares of Healthpeak Properties by 85.1% during the 4th quarter. HB Wealth Management LLC now owns 16,414 shares of the real estate investment trust's stock valued at $333,000 after buying an additional 7,546 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Healthpeak Properties during the 4th quarter valued at approximately $506,000. Institutional investors own 93.57% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DOC shares. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.15.
Check Out Our Latest Research Report on Healthpeak Properties
Healthpeak Properties Price Performance
Healthpeak Properties stock traded down $0.34 during midday trading on Tuesday, reaching $20.05. 8,689,489 shares of the stock traded hands, compared to its average volume of 4,566,750. The stock has a market cap of $14.02 billion, a P/E ratio of 42.65, a PEG ratio of 2.22 and a beta of 1.15. The stock's fifty day moving average is $20.67 and its 200-day moving average is $21.54. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26.
Healthpeak Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a $0.305 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.09%. Healthpeak Properties's dividend payout ratio (DPR) is 255.32%.
Healthpeak Properties 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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