TD Private Client Wealth LLC Sells 2,476 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

TD Private Client Wealth LLC lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,425 shares of the real estate investment trust’s stock after selling 2,476 shares during the period. TD Private Client Wealth LLC’s holdings in Healthpeak Properties were worth $211,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State Street Corp bought a new position in Healthpeak Properties during the third quarter worth about $1,093,576,000. JPMorgan Chase & Co. lifted its position in shares of Healthpeak Properties by 23.2% in the third 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. Principal Financial Group Inc. boosted its stake in shares of Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the period. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock valued at $205,810,000 after purchasing an additional 53,392 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 1.4 %

DOC stock opened at $20.16 on Wednesday. Healthpeak Properties, Inc. has a 52 week low of $17.51 and a 52 week high of $23.26. The business has a 50-day simple moving average of $20.25 and a 200 day simple moving average of $21.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $14.10 billion, a PE ratio of 57.60, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.05%. Healthpeak Properties’s payout ratio is presently 348.57%.

Analysts Set New Price Targets

A number of research firms have commented on DOC. Wedbush reduced 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. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Scotiabank lowered their price target 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, February 28th. Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

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.