Beacon Financial Group Trims Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Beacon Financial Group cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,254 shares of the real estate investment trust’s stock after selling 2,636 shares during the period. Beacon Financial Group’s holdings in Healthpeak Properties were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp acquired a new position in Healthpeak Properties in the third quarter worth about $1,093,576,000. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $403,898,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $175,697,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

DOC has been the subject of a number of research reports. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Royal Bank of Canada increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.08.

Healthpeak Properties Stock Performance

Shares of DOC opened at $19.47 on Thursday. The firm has a market capitalization of $13.62 billion, a PE ratio of 55.63, a P/E/G ratio of 2.18 and a beta of 1.15. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $20.46 and a 200 day moving average price of $21.50. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.27%. Healthpeak Properties’s dividend payout ratio (DPR) is 342.87%.

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.