LPL Financial LLC Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

LPL Financial LLC boosted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,628,407 shares of the real estate investment trust’s stock after purchasing an additional 525,844 shares during the quarter. LPL Financial LLC owned about 0.52% of Healthpeak Properties worth $73,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties in the fourth quarter worth $30,000. Groupama Asset Managment bought a new position in Healthpeak Properties in the 3rd quarter worth about $37,000. Continuum Advisory LLC bought a new position in Healthpeak Properties in the 3rd quarter worth about $44,000. AdvisorNet Financial Inc raised its holdings in shares of 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. Finally, Kestra Investment Management LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at about $45,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DOC has been the topic of several research analyst reports. Wedbush decreased their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Wells Fargo & Company cut their target price 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. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Scotiabank cut 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. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Price Performance

DOC opened at $20.32 on Thursday. 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 1 year low of $17.70 and a 1 year high of $23.26. The stock’s 50 day simple moving average is $20.25 and its 200 day simple moving average is $21.13. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a dividend of $0.305 per share. 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 yield of 6.01%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

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.