Allworth Financial LP Purchases 1,333 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Allworth Financial LP grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,603 shares of the real estate investment trust’s stock after buying an additional 1,333 shares during the period. Allworth Financial LP’s holdings in Healthpeak Properties were worth $95,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Healthpeak Properties by 23.2% during 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 purchasing an additional 4,056,931 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Healthpeak Properties during the third quarter worth $1,880,000. Swedbank AB purchased a new stake in shares of Healthpeak Properties during the third quarter worth $1,832,000. Pathstone Holdings LLC bought a new position in shares of Healthpeak Properties in the third quarter worth $1,968,000. Finally, Associated Banc Corp bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $10,559,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Up 0.4 %

Shares of NYSE DOC opened at $19.83 on Tuesday. The stock has a market capitalization of $13.87 billion, a P/E ratio of 56.64, a PEG ratio of 2.17 and a beta of 1.15. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The firm’s 50 day simple moving average is $20.19 and its two-hundred day simple moving average is $21.38. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 6.15%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several analyst reports. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Robert W. Baird decreased their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, Royal Bank of Canada lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.