Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Cwm LLC

Cwm LLC decreased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 77,209 shares of the real estate investment trust’s stock after selling 4,264 shares during the period. Cwm LLC’s holdings in Healthpeak Properties were worth $1,028,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its stake in Healthpeak Properties by 31.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 386,844 shares of the real estate investment trust’s stock valued at $4,716,000 after purchasing an additional 92,966 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $741,000. Employees Retirement System of Texas raised its stake in Healthpeak Properties by 39.5% in the 3rd quarter. Employees Retirement System of Texas now owns 212,000 shares of the real estate investment trust’s stock valued at $2,584,000 after purchasing an additional 60,000 shares during the last quarter. American Century Companies Inc. raised its stake in Healthpeak Properties by 2.0% in the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock valued at $41,018,000 after purchasing an additional 65,814 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Healthpeak Properties by 11.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 646,048 shares of the real estate investment trust’s stock valued at $8,767,000 after purchasing an additional 63,915 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. BNP Paribas upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $21.00 in a report on Friday. KeyCorp restated a “sector weight” rating on shares of Healthpeak Properties in a report on Friday, January 5th. Mizuho restated a “buy” rating and issued a $22.00 price target on shares of Healthpeak Properties in a report on Monday, April 22nd. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and lifted their price target for the company from $18.00 to $25.00 in a report on Monday, April 1st. Finally, Royal Bank of Canada lifted their price target on Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.36.

Healthpeak Properties Stock Up 2.5 %

Shares of NYSE:DOC opened at $18.80 on Monday. The stock has a market capitalization of $13.34 billion, a P/E ratio of 53.71, a PEG ratio of 1.85 and a beta of 1.02. Healthpeak Properties, Inc. has a 1 year low of $15.24 and a 1 year high of $22.38. The stock has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $13.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Friday, May 3rd. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio is currently 342.86%.

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.