GSI Capital Advisors LLC Lowers Stake in Healthpeak Properties, Inc. (NYSE:DOC)

GSI Capital Advisors LLC trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 369,840 shares of the real estate investment trust’s stock after selling 522 shares during the quarter. Healthpeak Properties makes up about 4.0% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 8th largest holding. GSI Capital Advisors LLC owned approximately 0.05% of Healthpeak Properties worth $7,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $13,062,000. FMR LLC bought a new stake in Healthpeak Properties during the third quarter valued at about $67,058,000. Townsquare Capital LLC purchased a new stake in Healthpeak Properties in the third quarter worth about $226,000. Glenmede Trust Co. NA purchased a new stake in Healthpeak Properties in the third quarter worth about $359,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Healthpeak Properties in the third quarter worth about $210,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Down 1.0 %

NYSE DOC opened at $20.02 on Wednesday. The stock has a 50 day moving average price of $20.19 and a 200-day moving average price of $21.06. Healthpeak Properties, Inc. has a one year low of $17.80 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $14.00 billion, a P/E ratio of 57.19, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.305 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Analysts Set New Price Targets

Several research firms recently issued reports on DOC. Mizuho reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Wedbush reduced their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.83.

Healthpeak Properties 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.