Tocqueville Asset Management L.P. Sells 43,972 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Tocqueville Asset Management L.P. decreased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 19.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,205 shares of the real estate investment trust’s stock after selling 43,972 shares during the period. Tocqueville Asset Management L.P.’s holdings in Healthpeak Properties were worth $3,734,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wedbush reduced their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Scotiabank decreased their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Finally, Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $20.46 on Wednesday. The firm’s 50 day moving average is $20.23 and its 200 day moving average is $21.20. The stock has a market capitalization of $14.32 billion, a P/E ratio of 58.47, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 12 month low of $17.21 and a 12 month high of $23.26. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) 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.