Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,652 shares of the real estate investment trust’s stock after selling 2,558 shares during the period. Farther Finance Advisors LLC’s holdings in Healthpeak Properties were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in Healthpeak Properties by 7.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 80,139 shares of the real estate investment trust’s stock valued at $1,624,000 after purchasing an additional 5,325 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Healthpeak Properties by 8.4% in the 4th quarter. Moors & Cabot Inc. now owns 27,093 shares of the real estate investment trust’s stock valued at $549,000 after purchasing an additional 2,101 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in Healthpeak Properties by 169.7% in the 4th quarter. Wealthfront Advisers LLC now owns 691,502 shares of the real estate investment trust’s stock valued at $14,563,000 after purchasing an additional 435,066 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Healthpeak Properties by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 331,106 shares of the real estate investment trust’s stock valued at $6,712,000 after purchasing an additional 3,185 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC lifted its holdings in Healthpeak Properties by 31.1% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 15,589 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 3,696 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 0.2 %

NYSE DOC opened at $20.46 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a one year low of $17.21 and a one year high of $23.26. The company’s 50 day moving average price is $20.23 and its 200 day moving average price is $21.20. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 58.47, a PEG ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 5.96%. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Analysts Set New Price Targets

A number of research firms have issued reports on DOC. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Mizuho cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Scotiabank cut their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

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.