United Services Automobile Association Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

United Services Automobile Association lessened its position in Healthpeak Properties, Inc. (NYSE:DOC) by 18.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,535 shares of the real estate investment trust’s stock after selling 4,271 shares during the period. United Services Automobile Association’s holdings in Healthpeak Properties were worth $376,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in Healthpeak Properties by 34.5% in the fourth 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 in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Healthpeak Properties by 10.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 598 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Healthpeak Properties by 3.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 797 shares in the last quarter. Mirador Capital Partners LP increased its stake in shares of Healthpeak Properties by 2.8% during the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 901 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Healthpeak Properties by 10.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 10,117 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 927 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Up 2.1 %

DOC opened at $20.45 on Tuesday. The firm has a market cap of $14.30 billion, a P/E ratio of 58.42, a P/E/G ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 12 month low of $17.45 and a 12 month high of $23.26. The stock has a 50-day moving average of $20.25 and a 200 day moving average of $21.15. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 5.97%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DOC shares. Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Mizuho lowered their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target 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.