Bank of New York Mellon Corp Sells 74,166 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Bank of New York Mellon Corp cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,511,167 shares of the real estate investment trust’s stock after selling 74,166 shares during the period. Bank of New York Mellon Corp owned approximately 0.93% of Healthpeak Properties worth $131,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. HM Payson & Co. bought a new position in shares of Healthpeak Properties in the 3rd quarter worth about $25,000. Avior Wealth Management LLC bought a new stake in Healthpeak Properties in the 3rd quarter valued at about $37,000. Groupama Asset Managment bought a new stake in Healthpeak Properties in the 3rd quarter valued at about $37,000. Capital Performance Advisors LLP bought a new stake in Healthpeak Properties in the 3rd quarter valued at about $42,000. Finally, Wiser Advisor Group LLC bought a new stake in Healthpeak Properties in the 3rd quarter valued at about $42,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $20.44 on Friday. Healthpeak Properties, Inc. has a 12 month low of $16.49 and a 12 month high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The business’s 50 day simple moving average is $20.18 and its 200 day simple moving average is $21.36. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.305 dividend. This is an increase 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 5.97%. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DOC shares. Wedbush decreased their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Royal Bank of Canada boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Scotiabank decreased their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday. Finally, Robert W. Baird decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $23.92.

About Healthpeak Properties

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.