Picton Mahoney Asset Management Sells 1,174 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Picton Mahoney Asset Management cut its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,825 shares of the real estate investment trust’s stock after selling 1,174 shares during the period. Picton Mahoney Asset Management’s holdings in Healthpeak Properties were worth $5,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DOC. Avior Wealth Management LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $37,000. Wiser Advisor Group LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $42,000. Continuum Advisory LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $44,000. AdvisorNet Financial Inc increased 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 during the period. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at $45,000. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company dropped their price target 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. Wedbush dropped their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Finally, Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Four 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $20.45 on Friday. The stock has a market cap of $14.30 billion, a PE ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The business has a 50-day simple moving average of $20.21 and a 200-day simple moving average of $21.23. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 52-week low of $17.05 and a 52-week high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a $0.305 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 5.97%. Healthpeak Properties’s dividend payout ratio is presently 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.