D.A. Davidson & CO. Cuts Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

D.A. Davidson & CO. decreased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,109 shares of the real estate investment trust’s stock after selling 726 shares during the period. D.A. Davidson & CO.’s holdings in Healthpeak Properties were worth $1,827,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in Healthpeak Properties by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 102,460 shares of the real estate investment trust’s stock valued at $2,077,000 after purchasing an additional 4,030 shares during the period. Principal Financial Group Inc. grew its stake in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares during the period. Allworth Financial LP grew its stake in Healthpeak Properties by 40.8% in the 4th quarter. Allworth Financial LP now owns 4,603 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 1,333 shares during the period. Principal Securities Inc. increased its holdings in Healthpeak Properties by 49.5% during the fourth quarter. Principal Securities Inc. now owns 3,592 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 1,189 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in Healthpeak Properties by 8.4% in the fourth quarter. New York State Teachers Retirement System now owns 619,951 shares of the real estate investment trust’s stock worth $12,566,000 after acquiring an additional 48,141 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $19.75 on Friday. The firm’s 50 day simple moving average is $20.20 and its 200 day simple moving average is $21.39. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.81 billion, a PE ratio of 56.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

Analysts Set New Price Targets

Several analysts have commented on DOC shares. Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on shares of 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. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho lowered their price objective 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. Finally, Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned 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 $24.00.

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.