SeaBridge Investment Advisors LLC Reduces Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

SeaBridge Investment Advisors LLC trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,575 shares of the real estate investment trust's stock after selling 71,192 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Healthpeak Properties were worth $822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HM Payson & Co. bought a new stake in Healthpeak Properties in the third quarter valued at $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties in the 3rd quarter worth $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at approximately $32,000. Finally, Barrett & Company Inc. purchased a new position in Healthpeak Properties during the 3rd quarter valued at approximately $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on DOC. Royal Bank of Canada lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Mizuho reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Wells Fargo & Company cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.15.

Healthpeak Properties Trading Up 0.0 %

Shares of DOC traded up $0.01 on Wednesday, reaching $20.07. 5,589,587 shares of the company's stock were exchanged, compared to its average volume of 4,601,309. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $14.03 billion, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The business has a 50 day moving average price of $20.67 and a two-hundred day moving average price of $21.54.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a $0.305 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.08%. Healthpeak Properties's dividend payout ratio is presently 255.32%.

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.