Advisors Management Group Inc. ADV decreased its stake in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,370 shares of the real estate investment trust’s stock after selling 46,215 shares during the period. Advisors Management Group Inc. ADV’s holdings in Healthpeak Properties were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in Healthpeak Properties by 7.3% in the first quarter. Integrated Wealth Concepts LLC now owns 18,084 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,231 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Healthpeak Properties by 110.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,881 shares of the real estate investment trust’s stock worth $2,463,000 after buying an additional 63,930 shares in the last quarter. Woodline Partners LP grew its position in shares of Healthpeak Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 59,103 shares of the real estate investment trust’s stock worth $1,195,000 after buying an additional 17,279 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of Healthpeak Properties by 28.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,336 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 3,803 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Healthpeak Properties in the 2nd quarter valued at $32,000. 93.57% of the stock is currently owned by institutional investors.
Healthpeak Properties Trading Down 1.5%
NYSE DOC opened at $16.54 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $17.50. Healthpeak Properties, Inc. has a 12 month low of $15.71 and a 12 month high of $20.40. The firm has a market capitalization of $11.50 billion, a P/E ratio of 165.45, a PEG ratio of 8.88 and a beta of 1.12.
Healthpeak Properties Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 7.4%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 1,220.00%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Evercore decreased their price target on shares of Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. The Goldman Sachs Group initiated coverage on shares of Healthpeak Properties in a report on Friday, January 9th. They set a “neutral” rating and a $17.00 price objective on the stock. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company restated a “positive” rating on shares of Healthpeak Properties in a research note on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Hold” and an average target price of $19.42.
View Our Latest Report on Healthpeak Properties
Healthpeak Properties Profile
Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.
Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.
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