Isthmus Partners LLC Decreases Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Isthmus Partners LLC lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 489,529 shares of the real estate investment trust’s stock after selling 16,490 shares during the period. Isthmus Partners LLC owned 0.07% of Healthpeak Properties worth $9,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blake Schutter Theil Wealth Advisors LLC increased its stake in Healthpeak Properties by 31.1% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 15,589 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 3,696 shares in the last quarter. Naviter Wealth LLC purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth approximately $771,000. Candriam S.C.A. raised its stake in Healthpeak Properties by 13.2% in the 4th quarter. Candriam S.C.A. now owns 110,949 shares of the real estate investment trust’s stock valued at $2,249,000 after purchasing an additional 12,966 shares during the last quarter. Inceptionr LLC purchased a new position in Healthpeak Properties in the 4th quarter valued at $1,242,000. Finally, Raymond James Financial Inc. purchased a new position in Healthpeak Properties in the 4th quarter valued at $22,545,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 1.9 %

Shares of DOC opened at $20.52 on Monday. 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 firm has a market cap of $14.35 billion, a P/E ratio of 58.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company’s 50-day moving average price is $20.20 and its 200 day moving average price is $21.29. Healthpeak Properties, Inc. has a 12-month low of $16.66 and a 12-month high of $23.26.

Healthpeak Properties Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on DOC shares. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Mizuho cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank lowered their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.92.

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.