Advisory Services Network LLC Has $596,000 Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Advisory Services Network LLC reduced its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,382 shares of the real estate investment trust’s stock after selling 792 shares during the period. Advisory Services Network LLC’s holdings in Healthpeak Properties were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Healthpeak Properties by 8.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,280,268 shares of the real estate investment trust’s stock valued at $25,951,000 after buying an additional 97,700 shares in the last quarter. Bank of Nova Scotia increased its stake in Healthpeak Properties by 3.6% during the 4th quarter. Bank of Nova Scotia now owns 93,335 shares of the real estate investment trust’s stock worth $1,892,000 after acquiring an additional 3,276 shares during the period. Employees Retirement System of Texas raised its holdings in Healthpeak Properties by 20.9% in the 4th quarter. Employees Retirement System of Texas now owns 376,712 shares of the real estate investment trust’s stock valued at $7,636,000 after acquiring an additional 65,000 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at $238,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth $64,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $18.77 on Wednesday. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 2.17 and a beta of 1.02. 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 business’s 50-day moving average price is $19.74 and its 200-day moving average price is $20.76. Healthpeak Properties, Inc. has a 12 month low of $17.33 and a 12 month high of $23.26.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Monday, June 16th. Healthpeak Properties’s payout ratio is 348.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Healthpeak Properties in a research report on Friday, April 11th. Robert W. Baird reduced 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 report on Tuesday, February 11th. Scotiabank lowered their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.83.

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.