Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Sandy Spring Bank

Sandy Spring Bank trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 18.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,630 shares of the real estate investment trust’s stock after selling 588 shares during the period. Sandy Spring Bank’s holdings in Healthpeak Properties were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp bought 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% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Geode Capital Management LLC bought a new position in Healthpeak Properties in the third quarter worth about $403,898,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Healthpeak Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock worth $205,810,000 after acquiring an additional 53,392 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Trading Down 1.6 %

Healthpeak Properties stock opened at $20.02 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 1 year low of $17.45 and a 1 year high of $23.26. The firm’s 50 day moving average price is $20.24 and its two-hundred day moving average price is $21.17.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given 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 was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.10%. Healthpeak Properties’s payout ratio is 348.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Mizuho 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 Thursday, December 5th. Wedbush cut their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Finally, 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. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties 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.