Berkeley Capital Partners LLC Reduces Position in Healthpeak Properties, Inc. (NYSE:DOC)

Berkeley Capital Partners LLC cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 33.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,830 shares of the real estate investment trust’s stock after selling 23,455 shares during the period. Berkeley Capital Partners LLC’s holdings in Healthpeak Properties were worth $929,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties during the fourth quarter valued at $30,000. Avior Wealth Management LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $37,000. Wiser Advisor Group LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $42,000. Continuum Advisory LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $44,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 563 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank dropped their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wedbush lowered their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Morgan Stanley raised 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. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Stock Performance

NYSE DOC opened at $20.43 on Thursday. The stock has a market capitalization of $14.29 billion, a PE ratio of 58.36, a P/E/G ratio of 2.17 and a beta of 1.14. The business has a 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $21.20. 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 $17.29 and a 1-year high of $23.26.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 5.97%. The ex-dividend date was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

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.