Russell Investments Group Ltd. Sells 800,108 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Russell Investments Group Ltd. decreased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,117,982 shares of the real estate investment trust's stock after selling 800,108 shares during the quarter. Russell Investments Group Ltd. owned about 0.45% of Healthpeak Properties worth $63,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new stake in shares of Healthpeak Properties in the third quarter worth $226,000. Benjamin Edwards Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter worth $607,000. Hilltop Holdings Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter worth $321,000. HighTower Advisors LLC bought a new position in shares of Healthpeak Properties during the 3rd quarter worth about $4,141,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Healthpeak Properties during the third quarter valued at about $1,779,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Price Performance

NYSE DOC traded down $0.03 during trading hours on Friday, reaching $18.14. 8,020,180 shares of the company's stock were exchanged, compared to its average volume of 4,905,413. The firm has a fifty day moving average of $19.79 and a 200-day moving average of $20.82. Healthpeak Properties, Inc. has a one year low of $17.33 and a one year high of $23.26. The stock has a market cap of $12.69 billion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

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Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Monday, June 16th. Healthpeak Properties's payout ratio is presently 348.57%.

Wall Street Analyst Weigh In

DOC has been the subject of several recent research reports. StockNews.com raised Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Scotiabank decreased 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. Finally, Wedbush reissued an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a research report on Friday. Four 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 company. Based on data from MarketBeat, Healthpeak Properties currently has a consensus 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.