Truist Financial Corp Sells 4,299 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Truist Financial Corp trimmed its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,525 shares of the real estate investment trust’s stock after selling 4,299 shares during the quarter. Truist Financial Corp’s holdings in Healthpeak Properties were worth $7,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AdvisorNet Financial Inc grew its position in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Healthpeak Properties by 10.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 598 shares during the last quarter. Mirador Capital Partners LP grew its position in shares of Healthpeak Properties by 2.8% in the 4th 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 during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Healthpeak Properties by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 968 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $25,000. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DOC has been the topic of a number of recent analyst reports. 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. Robert W. Baird 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 Tuesday, February 11th. Royal Bank of Canada lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Stock Down 0.1 %

Shares of NYSE:DOC opened at $19.75 on Friday. The stock has a fifty day simple moving average of $20.20 and a two-hundred day simple moving average of $21.39. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 56.42, a PEG ratio of 2.14 and a beta of 1.15. Healthpeak Properties, Inc. has a 12-month low of $16.01 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be 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 is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.18%. Healthpeak Properties’s payout ratio is presently 348.58%.

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.