Pinnacle Financial Partners Inc Takes $247,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Pinnacle Financial Partners Inc bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,189 shares of the real estate investment trust’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DOC. AMF Tjanstepension AB purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $15,548,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $794,000. Private Advisor Group LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $405,000. International Assets Investment Management LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $62,310,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $565,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DOC. Robert W. Baird cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada increased their price target 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. Wedbush cut their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Finally, Mizuho cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Trading Down 0.1 %

Shares of DOC opened at $19.75 on Monday. The firm’s 50-day moving average is $20.20 and its two-hundred day moving average is $21.39. The firm has a market capitalization of $13.81 billion, a P/E ratio of 56.42, a PEG ratio of 2.17 and a beta of 1.15. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a $0.305 dividend. 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. This represents a $1.22 annualized dividend and a dividend yield of 6.18%. Healthpeak Properties’s dividend payout ratio is currently 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.