MFG Wealth Management Inc. Purchases Shares of 123,623 Healthpeak Properties, Inc. (NYSE:DOC)

MFG Wealth Management Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 123,623 shares of the real estate investment trust's stock, valued at approximately $2,506,000. Healthpeak Properties makes up 2.3% of MFG Wealth Management Inc.'s investment portfolio, making the stock its 17th largest position.

A number of other large investors have also added to or reduced their stakes in DOC. HM Payson & Co. purchased a new position in shares of Healthpeak Properties in the third quarter worth about $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $32,000. Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $33,000. Finally, Riverview Trust Co bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Down 1.9 %

NYSE:DOC traded down $0.39 during trading hours on Friday, reaching $19.57. 4,495,661 shares of the company traded hands, compared to its average volume of 4,675,860. The business's 50-day moving average price is $20.36 and its two-hundred day moving average price is $21.46. The stock has a market capitalization of $13.69 billion, a P/E ratio of 55.92, a P/E/G ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The business 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 dividend of $0.305 per share. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.23%. Healthpeak Properties's payout ratio is presently 342.87%.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. 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 research note on Wednesday, January 15th. Wells Fargo & Company lowered their price target on 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. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

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.