Duff & Phelps Investment Management Co. Trims Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Duff & Phelps Investment Management Co. lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,478 shares of the real estate investment trust’s stock after selling 12,610 shares during the period. Duff & Phelps Investment Management Co. owned about 0.09% of Healthpeak Properties worth $12,922,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $1,880,000. Citigroup Inc. purchased a new stake in Healthpeak Properties in the third quarter worth about $14,154,000. Cerity Partners LLC bought a new position in Healthpeak Properties during the 3rd quarter worth about $5,051,000. Swedbank AB purchased a new position in Healthpeak Properties during the third quarter valued at approximately $1,832,000. Finally, Loomis Sayles & Co. L P bought a new position in Healthpeak Properties in the third quarter worth approximately $70,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.4 %

Shares of NYSE:DOC opened at $20.24 on Friday. 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, Inc. has a 52-week low of $17.80 and a 52-week high of $23.26. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 57.82, a PEG ratio of 2.17 and a beta of 1.14. The business has a 50-day moving average price of $20.24 and a 200-day moving average price of $21.12.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 6.03%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s payout ratio is presently 348.57%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DOC shares. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Wedbush reduced their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Finally, Scotiabank lowered their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.92.

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.