Elo Mutual Pension Insurance Co Decreases Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Elo Mutual Pension Insurance Co cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 70,999 shares of the real estate investment trust’s stock after selling 3,557 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Healthpeak Properties were worth $1,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in Healthpeak Properties during the 4th quarter worth $30,000. Groupama Asset Managment purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $37,000. Continuum Advisory LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $44,000. AdvisorNet Financial Inc increased its holdings in shares of Healthpeak Properties by 34.5% during the fourth 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 in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.1 %

Shares of NYSE:DOC opened at $20.20 on Friday. The business’s 50 day moving average price is $20.23 and its 200-day moving average price is $21.10. Healthpeak Properties, Inc. has a 1 year low of $17.80 and a 1 year high of $23.26. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a $0.305 dividend. This is a positive change 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 dividend yield of 6.04%. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Analyst Ratings Changes

Several analysts have weighed in on DOC shares. Mizuho dropped their target price 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. Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company reduced their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Wednesday, January 15th. Finally, 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. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average target price of $23.92.

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.