Stiles Financial Services Inc Has $205,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Stiles Financial Services Inc lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,121 shares of the real estate investment trust’s stock after selling 2,513 shares during the period. Stiles Financial Services Inc’s holdings in Healthpeak Properties were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DOC. AdvisorNet Financial Inc raised its stake in shares of Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 563 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 598 shares during the period. Mirador Capital Partners LP increased its stake in Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after acquiring an additional 901 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Healthpeak Properties by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 968 shares in the last quarter. Finally, HM Payson & Co. bought a new position in Healthpeak Properties during the third quarter worth about $25,000. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOC shares. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $19.85 on Monday. The firm has a 50 day simple moving average of $20.54 and a 200 day simple moving average of $21.52. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.31. The firm has a market cap of $13.89 billion, a P/E ratio of 56.71, a P/E/G ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.15%. 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%.

About Healthpeak Properties

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.