Legal & General Group Plc Sells 1,390,045 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Legal & General Group Plc decreased its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,990,786 shares of the real estate investment trust's stock after selling 1,390,045 shares during the period. Legal & General Group Plc owned 1.57% of Healthpeak Properties worth $222,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DOC. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at about $28,000. Harvest Fund Management Co. Ltd acquired a new position in Healthpeak Properties in the fourth quarter valued at approximately $30,000. Continuum Advisory LLC bought a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $44,000. AdvisorNet Financial Inc boosted its holdings 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 in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $45,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock remained flat at $18.71 on Tuesday. 1,065,987 shares of the stock were exchanged, compared to its average volume of 4,893,965. The business has a 50 day moving average of $19.76 and a 200 day moving average of $20.78. Healthpeak Properties, Inc. has a 1 year low of $17.33 and a 1 year high of $23.26. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 2.17 and a beta of 1.02. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.22 dividend on an annualized basis and a yield of 6.52%. Healthpeak Properties's dividend payout ratio is 348.57%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DOC. 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 research report on Friday, February 28th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday. Wedbush reaffirmed an "outperform" rating and set a $24.00 target price on shares of Healthpeak Properties in a research report on Friday. 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. Finally, Morgan Stanley upgraded shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.

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.