Versor Investments LP Sells 52,800 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Versor Investments LP lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 48.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 56,700 shares of the real estate investment trust’s stock after selling 52,800 shares during the period. Versor Investments LP’s holdings in Healthpeak Properties were worth $1,149,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DOC. JPMorgan Chase & Co. increased its position in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,880,000. Swedbank AB acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,832,000. Pathstone Holdings LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,968,000. Finally, Associated Banc Corp acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $10,559,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $20.20 on Friday. The company has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $21.36. 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. The company has a market cap of $14.13 billion, a P/E ratio of 57.70, a PEG ratio of 2.17 and a beta of 1.15.

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 given a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.04%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DOC shares. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Wedbush reduced their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. 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 research report on Monday, November 4th. Finally, Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $24.00.

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.