Sanctuary Advisors LLC Sells 19,885 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Sanctuary Advisors LLC reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,313 shares of the real estate investment trust’s stock after selling 19,885 shares during the period. Sanctuary Advisors LLC’s holdings in Healthpeak Properties were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in Healthpeak Properties in the 3rd quarter valued at $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties in the third quarter valued at about $26,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the third quarter worth about $32,000. Barrett & Company Inc. acquired a new stake in Healthpeak Properties during the third quarter worth about $33,000. Finally, Avior Wealth Management LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds 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 company has a 50 day simple moving average of $20.19 and a 200 day simple moving average of $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, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The firm has a market cap of $13.87 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOC shares. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average 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.