Carret Asset Management LLC Cuts Position in Healthpeak Properties, Inc. (NYSE:DOC)

Carret Asset Management LLC lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,421 shares of the real estate investment trust’s stock after selling 3,300 shares during the period. Carret Asset Management LLC’s holdings in Healthpeak Properties were worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc raised its holdings in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares during the period. Exchange Traded Concepts LLC raised its holdings in Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 598 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in Healthpeak Properties by 3.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 797 shares during the period. Mirador Capital Partners LP raised its holdings in Healthpeak Properties by 2.8% during the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after acquiring an additional 901 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in Healthpeak Properties by 10.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 10,117 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 927 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $20.45 on Friday. The company has a 50-day simple moving average of $20.21 and a two-hundred day simple moving average of $21.24. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12-month low of $16.66 and a 12-month high of $23.26. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 58.42, a PEG ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 5.97%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Analyst Upgrades and Downgrades

DOC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Mizuho 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 Thursday, December 5th. 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. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Scotiabank decreased their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.92.

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.