Summit Investment Advisors Inc. lowered its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,129 shares of the real estate investment trust's stock after selling 20,700 shares during the quarter. Summit Investment Advisors Inc.'s holdings in Healthpeak Properties were worth $915,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC acquired a new position in shares of Healthpeak Properties during the fourth quarter worth $312,000. Townsquare Capital LLC raised its position in shares of Healthpeak Properties by 5.9% during the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after acquiring an additional 584 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Healthpeak Properties by 4.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 110,638 shares of the real estate investment trust's stock worth $2,242,000 after purchasing an additional 4,244 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Healthpeak Properties by 22.4% in the fourth quarter. Sterling Capital Management LLC now owns 80,157 shares of the real estate investment trust's stock valued at $1,625,000 after purchasing an additional 14,689 shares in the last quarter. Finally, Covestor Ltd increased its stake in Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,152 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on DOC. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Robert W. Baird dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. Wedbush reiterated an "outperform" rating and issued a $24.00 price objective on shares of Healthpeak Properties in a research note on Friday, April 11th. Finally, Scotiabank decreased their price objective on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.83.
Read Our Latest Stock Analysis on DOC
Healthpeak Properties Price Performance
Shares of DOC traded up $0.30 during mid-day trading on Tuesday, hitting $18.75. The company's stock had a trading volume of 2,584,129 shares, compared to its average volume of 4,894,849. The firm has a 50-day simple moving average of $19.66 and a 200 day simple moving average of $20.65. Healthpeak Properties, Inc. has a 1-year low of $17.33 and a 1-year high of $23.26. The firm has a market capitalization of $13.11 billion, a P/E ratio of 53.47, a P/E/G 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.
Healthpeak Properties Announces Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 6.5%. Healthpeak Properties's dividend payout ratio is presently 348.57%.
Healthpeak Properties Company Profile
(
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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