Thrivent Financial for Lutherans Has $1 Million Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Thrivent Financial for Lutherans reduced its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,391 shares of the real estate investment trust's stock after selling 32,815 shares during the period. Thrivent Financial for Lutherans' holdings in Healthpeak Properties were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. JPMorgan Chase & Co. grew its holdings in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Healthpeak Properties in the third quarter worth $22,995,000. HighTower Advisors LLC bought a new stake in shares of Healthpeak Properties in the third quarter worth $4,141,000. Diamant Asset Management Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at $564,000. Finally, Public Employees Retirement System of Ohio bought a new position in Healthpeak Properties during the 3rd quarter worth $29,226,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DOC. Wells Fargo & Company decreased their price target 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. Morgan Stanley raised 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 report on Wednesday, January 15th. Mizuho dropped 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 Thursday, December 5th. StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Finally, Scotiabank lowered their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.83.

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Healthpeak Properties Stock Down 3.1 %

Shares of DOC stock traded down $0.62 on Thursday, reaching $19.45. 4,953,433 shares of the company were exchanged, compared to its average volume of 4,848,389. Healthpeak Properties, Inc. has a one year low of $17.80 and a one year high of $23.26. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 2.17 and a beta of 1.14. The company has a 50-day moving average of $20.18 and a 200-day moving average of $21.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a $0.305 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.27%. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's dividend payout ratio is presently 348.57%.

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.