12,637 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by Wedbush Securities Inc.

Wedbush Securities Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,637 shares of the real estate investment trust’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOC. HighTower Advisors LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $4,141,000. Janus Henderson Group PLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $1,779,000. Integrated Wealth Concepts LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $347,000. Stifel Financial Corp purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $8,804,000. Finally, Wellington Management Group LLP purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $1,599,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOC. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Scotiabank cut their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average target price of $23.83.

Healthpeak Properties Stock Up 3.6 %

Shares of DOC opened at $18.63 on Thursday. Healthpeak Properties, Inc. has a 52-week low of $17.33 and a 52-week high of $23.26. The company has a market capitalization of $13.03 billion, a PE ratio of 53.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock has a fifty day simple moving average of $19.87 and a two-hundred day simple moving average of $20.88. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, June 16th. Healthpeak Properties’s dividend payout ratio 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.