Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,883 shares of the real estate investment trust’s stock after selling 4,584 shares during the period. Amalgamated Bank’s holdings in Healthpeak Properties were worth $2,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its holdings in Healthpeak Properties by 34.5% during 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 in the last quarter. Exchange Traded Concepts LLC raised its stake in Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 598 shares in the last quarter. Mirador Capital Partners LP raised its stake in Healthpeak Properties by 2.8% during the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 901 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Healthpeak Properties by 10.1% in 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 acquiring an additional 927 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Healthpeak Properties by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

DOC has been the subject of several research reports. 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. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Scotiabank cut their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday. Mizuho decreased their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Robert W. Baird lowered their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.44 on Friday. Healthpeak Properties, Inc. has a 52 week low of $16.49 and a 52 week high of $23.26. The company has a 50-day moving average price of $20.19 and a 200 day moving average price of $21.35. The company has a market cap of $14.30 billion, a P/E ratio of 58.39, a PEG ratio of 2.17 and a beta of 1.15. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.305 dividend. The ex-dividend date 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 dividend yield of 5.97%. Healthpeak Properties’s payout ratio is 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.