Orion Portfolio Solutions LLC Trims Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Orion Portfolio Solutions LLC lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,045 shares of the real estate investment trust’s stock after selling 14,210 shares during the period. Orion Portfolio Solutions LLC’s holdings in Healthpeak Properties were worth $4,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. State Street Corp acquired a new position in Healthpeak Properties in the third quarter valued at about $1,093,576,000. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $403,898,000. Principal Financial Group Inc. boosted its position in shares of Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after purchasing an additional 17,314,572 shares during the period. Norges Bank acquired a new stake in Healthpeak Properties in the 4th quarter valued at approximately $166,804,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $175,697,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.20 on Friday. Healthpeak Properties, Inc. has a 12 month low of $17.80 and a 12 month high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $14.13 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The business’s fifty day moving average price is $20.23 and its 200 day moving average price is $21.10.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Analysts Set New Price Targets

Several research firms have recently commented on DOC. Robert W. Baird lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley upgraded 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 research note on Saturday, March 22nd. Scotiabank lowered their price objective 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. Finally, Wedbush cut their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Four investment 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 MarketBeat.com, the stock currently 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.