Baillie Gifford & Co. Has $771,000 Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Baillie Gifford & Co. trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 7.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,027 shares of the real estate investment trust’s stock after selling 2,900 shares during the period. Baillie Gifford & Co.’s holdings in Healthpeak Properties were worth $771,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. AdvisorNet Financial Inc raised its position 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 valued at $44,000 after buying an additional 563 shares during the period. Exchange Traded Concepts LLC grew its stake in Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 598 shares in the last quarter. Mirador Capital Partners LP grew its stake in Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 901 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 968 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Healthpeak Properties in the third quarter valued at about $25,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Mizuho 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 Thursday, December 5th. Finally, Wedbush lowered their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.60 on Wednesday. The business has a 50 day moving average price of $20.32 and a 200 day moving average price of $21.44. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 55.99, a PEG ratio of 2.18 and a beta of 1.15. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be paid a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.23%. Healthpeak Properties’s dividend payout ratio is presently 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.