MFG Wealth Management Inc. Buys Shares of 123,623 Healthpeak Properties, Inc. (NYSE:DOC)

MFG Wealth Management Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 123,623 shares of the real estate investment trust’s stock, valued at approximately $2,506,000. Healthpeak Properties accounts for approximately 2.3% of MFG Wealth Management Inc.’s holdings, making the stock its 17th biggest holding.

Several other institutional investors also recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its holdings in shares of Healthpeak Properties by 34.5% in the fourth 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 during the period. Exchange Traded Concepts LLC raised its holdings in shares of Healthpeak Properties by 10.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 598 shares during the period. Mirador Capital Partners LP lifted its position in Healthpeak Properties by 2.8% in the 4th 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Healthpeak Properties by 20.5% in the 4th 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 during the period. Finally, HM Payson & Co. bought a new position in Healthpeak Properties during the 3rd quarter worth about $25,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOC. Wells Fargo & Company cut their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Robert W. Baird reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Royal Bank of Canada increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Mizuho lowered their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $24.08.

Healthpeak Properties Stock Down 0.7 %

Shares of DOC stock opened at $19.47 on Thursday. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 2.18 and a beta of 1.15. The firm’s 50-day moving average is $20.46 and its 200-day moving average is $21.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.27%. Healthpeak Properties’s dividend payout ratio is currently 342.87%.

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.