59,945 Shares in Healthpeak Properties, Inc. $DOC Purchased by Twin City Private Wealth LLC

Twin City Private Wealth LLC purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 59,945 shares of the real estate investment trust’s stock, valued at approximately $1,148,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOC. Mather Group LLC. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $25,000. City Holding Co. purchased a new position in Healthpeak Properties during the third quarter valued at $26,000. Rexford Capital Inc. purchased a new position in Healthpeak Properties during the second quarter valued at $28,000. Sound Income Strategies LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth $28,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Healthpeak Properties during the second quarter valued at $32,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 0.5%

Shares of NYSE:DOC opened at $17.22 on Friday. The stock’s 50-day simple moving average is $17.00 and its two-hundred day simple moving average is $17.66. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of -344.33, a PEG ratio of 4.32 and a beta of 1.12. Healthpeak Properties, Inc. has a 52-week low of $15.71 and a 52-week high of $21.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.22 and a current ratio of 1.22.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio is currently -2,440.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on DOC shares. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Evercore ISI reduced their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Jefferies Financial Group cut Healthpeak Properties from a “buy” rating to a “hold” rating and lowered their price objective for the company from $21.00 to $17.00 in a research report on Monday, December 15th. Weiss Ratings raised Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.67.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.