Korea Investment CORP Sells 90,500 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Korea Investment CORP cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333,570 shares of the real estate investment trust's stock after selling 90,500 shares during the period. Korea Investment CORP's holdings in Healthpeak Properties were worth $6,761,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $30,000. Groupama Asset Managment purchased a new position in Healthpeak Properties in the third quarter valued at about $37,000. Continuum Advisory LLC acquired a new position in Healthpeak Properties during the third quarter worth $44,000. AdvisorNet Financial Inc raised its stake in shares of Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after buying an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Healthpeak Properties in the 4th quarter valued at approximately $45,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Trading Down 3.2 %

DOC traded down $0.63 during trading on Friday, reaching $18.84. 2,629,850 shares of the stock traded hands, compared to its average volume of 4,840,483. The stock's 50-day moving average is $20.16 and its 200 day moving average is $21.04. Healthpeak Properties, Inc. has a 12 month low of $17.80 and a 12 month high of $23.26. The stock has a market capitalization of $13.18 billion, a PE ratio of 53.87, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

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Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.48%. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's payout ratio is currently 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on 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 objective on 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. StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Wedbush dropped their target price on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Finally, Mizuho lowered 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 Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.83.

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.