Spirit of America Management Corp NY Lowers Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Spirit of America Management Corp NY trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,217 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Spirit of America Management Corp NY’s holdings in Healthpeak Properties were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp purchased a new position in Healthpeak Properties in the 3rd quarter valued at $1,093,576,000. JPMorgan Chase & Co. grew its position in Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at $403,898,000. Charles Schwab Investment Management Inc. purchased a new position in Healthpeak Properties in the 3rd quarter valued at $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at $175,697,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on DOC shares. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Mizuho reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Price Performance

NYSE:DOC opened at $20.05 on Wednesday. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average is $20.67 and its two-hundred day moving average is $21.54. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.09%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio is 255.32%.

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.