Sherman Asset Management Inc. Purchases New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Sherman Asset Management Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,630 shares of the real estate investment trust’s stock, valued at approximately $94,000.

A number of other large investors have also added to or reduced their stakes in DOC. HM Payson & Co. acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $25,000. Avior Wealth Management LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $37,000. Groupama Asset Managment acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $37,000. Capital Performance Advisors LLP acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $42,000. Finally, Wiser Advisor Group LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $42,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DOC. Mizuho 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 report on Thursday, December 5th. Scotiabank decreased their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday. 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 report on Tuesday, February 11th. Morgan Stanley raised shares of 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. Finally, Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Trading Up 1.3 %

NYSE DOC opened at $20.44 on Friday. Healthpeak Properties, Inc. has a one year low of $16.49 and a one year high of $23.26. The company has a 50-day simple moving average of $20.19 and a 200-day simple moving average of $21.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $14.30 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 5.97%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Healthpeak Properties Company 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.