O Shaughnessy Asset Management LLC Sells 2,327 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

O Shaughnessy Asset Management LLC lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,932 shares of the real estate investment trust’s stock after selling 2,327 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Healthpeak Properties were worth $1,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties in the 4th quarter worth about $30,000. Groupama Asset Managment bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $37,000. Continuum Advisory LLC bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $44,000. AdvisorNet Financial Inc raised its stake in 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 purchasing an additional 563 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Healthpeak Properties during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DOC. Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $18.42 on Friday. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.17 and a beta of 1.14. The stock has a fifty day moving average of $20.11 and a 200 day moving average of $21.01. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.62%. Healthpeak Properties’s payout ratio is presently 348.57%.

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.