Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 620,925 shares of the real estate investment trust's stock after selling 217,608 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Healthpeak Properties worth $12,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DOC. AdvisorNet Financial Inc increased its holdings in Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 563 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust's stock valued at $133,000 after acquiring an additional 598 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Healthpeak Properties by 3.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 797 shares in the last quarter. Mirador Capital Partners LP grew its holdings in Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust's stock worth $672,000 after purchasing an additional 901 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Healthpeak Properties by 10.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 10,117 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 927 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on DOC. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Mizuho reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Wedbush lowered their target price on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Finally, Scotiabank reduced 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.92.

Healthpeak Properties Stock Down 0.9 %

NYSE DOC traded down $0.17 during trading hours on Thursday, reaching $20.03. 3,848,151 shares of the company's stock traded hands, compared to its average volume of 4,720,646. The firm has a market cap of $14.01 billion, a PE ratio of 57.22, a PEG ratio of 2.17 and a beta of 1.14. 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, Inc. has a 52-week low of $16.66 and a 52-week high of $23.26. The firm has a 50-day simple moving average of $20.21 and a 200 day simple moving average of $21.26.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.09%. Healthpeak Properties's payout ratio is presently 348.57%.

About Healthpeak Properties

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.