Proficio Capital Partners LLC Invests $1.09 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Proficio Capital Partners LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 53,574 shares of the real estate investment trust's stock, valued at approximately $1,086,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp acquired a new position in Healthpeak Properties in the third quarter worth about $1,093,576,000. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $403,898,000. Principal Financial Group Inc. lifted its position in shares of Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after buying an additional 17,314,572 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $175,697,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of analyst reports. Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Robert W. Baird reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Scotiabank dropped 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. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. Finally, Wedbush decreased their price target on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.92.

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Healthpeak Properties Trading Down 1.8 %

Shares of NYSE:DOC traded down $0.37 during midday trading on Tuesday, hitting $20.31. The company had a trading volume of 4,170,184 shares, compared to its average volume of 4,742,424. The firm has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $21.28. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 58.02, a PEG ratio of 2.17 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12 month low of $16.66 and a 12 month high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. The ex-dividend date was Friday, February 14th. This is a boost 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 6.01%. Healthpeak Properties's dividend payout ratio is 348.57%.

Healthpeak Properties 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.