Naviter Wealth LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Naviter Wealth LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, HoldingsChannel reports. The firm acquired 38,061 shares of the real estate investment trust’s stock, valued at approximately $771,000.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at approximately $37,000. Wiser Advisor Group LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $42,000. Capital Performance Advisors LLP bought a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $42,000. Continuum Advisory LLC purchased a new position in shares of Healthpeak Properties in the third quarter valued at $44,000. Finally, AdvisorNet Financial Inc increased its position 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 worth $44,000 after purchasing an additional 563 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DOC. Wedbush lowered their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Scotiabank lowered their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, Robert W. Baird cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. One 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. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Stock Up 1.9 %

NYSE:DOC opened at $20.52 on Friday. The stock has a fifty day simple moving average of $20.20 and a 200-day simple moving average of $21.30. 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 market cap of $14.35 billion, a price-to-earnings ratio of 58.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a twelve month low of $16.66 and a twelve month high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 5.95%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s payout ratio is 348.57%.

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.