New Age Alpha Advisors LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 118,683 shares of the real estate investment trust's stock, valued at approximately $2,406,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Healthpeak Properties in the fourth quarter worth $30,000. Continuum Advisory LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $44,000. AdvisorNet Financial Inc increased its position in shares of Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 563 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $45,000. Finally, Assetmark Inc. lifted its position in shares of Healthpeak Properties by 433.5% during the fourth quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 2,423 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Healthpeak Properties Stock Performance
Healthpeak Properties stock traded down $0.31 during midday trading on Thursday, reaching $19.75. 1,168,741 shares of the stock traded hands, compared to its average volume of 4,835,938. Healthpeak Properties, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 56.43, a PEG ratio of 2.17 and a beta of 1.14. The firm has a fifty day moving average price of $20.18 and a two-hundred day moving average price of $21.05.
Healthpeak Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.18%. Healthpeak Properties's payout ratio is currently 348.57%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on DOC shares. StockNews.com raised Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Scotiabank decreased their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Finally, Wedbush reduced their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.
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Healthpeak Properties Profile
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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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