Optimum Investment Advisors Has $34,000 Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Optimum Investment Advisors trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 66.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,691 shares of the real estate investment trust’s stock after selling 3,370 shares during the period. Optimum Investment Advisors’ holdings in Healthpeak Properties were worth $34,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Healthpeak Properties during the third quarter worth about $1,880,000. Pathstone Holdings LLC bought a new position in Healthpeak Properties during the third quarter worth about $1,968,000. Swedbank AB bought a new position in Healthpeak Properties during the third quarter worth about $1,832,000. Finally, Associated Banc Corp bought a new position in Healthpeak Properties during the third quarter worth about $10,559,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DOC. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Scotiabank cut their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Trading Down 1.6 %

NYSE DOC opened at $20.02 on Monday. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 57.19, a PEG ratio of 2.17 and a beta of 1.14. The stock’s 50 day moving average price is $20.24 and its two-hundred day moving average price is $21.16. 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 52 week low of $17.45 and a 52 week high of $23.26.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.305 dividend. This is a boost 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 6.10%. Healthpeak Properties’s payout ratio is presently 348.57%.

About Healthpeak Properties

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.