Healthpeak Properties, Inc. (NYSE:DOC) Stock Holdings Lessened by Stiles Financial Services Inc

Stiles Financial Services Inc cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,121 shares of the real estate investment trust’s stock after selling 2,513 shares during the quarter. Stiles Financial Services Inc’s holdings in Healthpeak Properties were worth $205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $1,093,576,000. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth approximately $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Healthpeak Properties in the 3rd quarter worth approximately $102,615,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Down 1.3 %

Healthpeak Properties stock opened at $19.85 on Monday. The company has a market capitalization of $13.89 billion, a P/E ratio of 56.71, a P/E/G ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The firm’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $21.52. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DOC. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Mizuho lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.15.

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.