Allianz Asset Management GmbH Lowers Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Allianz Asset Management GmbH cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,607,808 shares of the real estate investment trust’s stock after selling 11,929 shares during the quarter. Allianz Asset Management GmbH’s holdings in Healthpeak Properties were worth $32,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Capital Group California Inc. boosted its stake in Healthpeak Properties by 54.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 24,577 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 8,675 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of 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 purchasing an additional 927 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Healthpeak Properties by 29.2% in the 4th quarter. Handelsbanken Fonder AB now owns 658,929 shares of the real estate investment trust’s stock worth $13,356,000 after purchasing an additional 148,755 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Healthpeak Properties by 3.3% in the 4th quarter. Ieq Capital LLC now owns 51,828 shares of the real estate investment trust’s stock worth $1,051,000 after buying an additional 1,674 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Healthpeak Properties during the 4th quarter valued at approximately $45,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 0.1 %

NYSE:DOC opened at $19.75 on Monday. The company has a market cap of $13.81 billion, a PE ratio of 56.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $21.39. 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 6.18%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is presently 348.57%.

Analyst Ratings Changes

Several 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. Robert W. Baird dropped their price target 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. Wedbush dropped their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. 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 report on Tuesday, December 10th. Finally, Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

About Healthpeak Properties

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.