Healthpeak Properties, Inc. (NYSE:DOC) Shares Purchased by Huntington National Bank

Huntington National Bank raised its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,843 shares of the real estate investment trust’s stock after purchasing an additional 613 shares during the quarter. Huntington National Bank’s holdings in Healthpeak Properties were worth $422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in Healthpeak Properties in the 4th quarter valued at about $30,000. Continuum Advisory LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $44,000. AdvisorNet Financial Inc raised its position in shares of 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 buying an additional 563 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Healthpeak Properties during the fourth quarter worth approximately $45,000. Finally, Assetmark Inc. grew its stake in Healthpeak Properties by 433.5% in the 4th quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 2,423 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOC has been the topic of a number of recent analyst reports. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Robert W. Baird cut their price objective 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. Wedbush lowered their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Wells Fargo & Company cut 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 research note on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Stock Down 5.3 %

Shares of Healthpeak Properties stock opened at $18.42 on Friday. The company has a fifty day moving average price of $20.11 and a 200 day moving average price of $21.02. 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, Inc. has a twelve month low of $17.80 and a twelve month high of $23.26. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 52.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Healthpeak Properties Company 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.