Healthpeak Properties, Inc. (NYSE:DOC) Stock Holdings Decreased by Prudential Financial Inc.

Prudential Financial Inc. lessened its position in Healthpeak Properties, Inc. (NYSE:DOC) by 25.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,135,378 shares of the real estate investment trust’s stock after selling 381,459 shares during the period. Prudential Financial Inc.’s holdings in Healthpeak Properties were worth $23,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties in the fourth quarter valued at $30,000. Groupama Asset Managment acquired a new position in Healthpeak Properties during the third quarter valued at $37,000. Continuum Advisory LLC purchased a new stake in Healthpeak Properties in the 3rd quarter worth about $44,000. AdvisorNet Financial Inc boosted its position in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Healthpeak Properties during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DOC. Wedbush decreased their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Robert W. Baird 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 note on Tuesday, February 11th. Mizuho dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Finally, Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $20.32 on Thursday. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The business’s fifty day moving average price is $20.25 and its two-hundred day moving average price is $21.13. Healthpeak Properties, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This is a positive change 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 annualized dividend and a dividend yield of 6.01%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Healthpeak Properties 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.