Avantax Advisory Services Inc. Acquires 38,462 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Avantax Advisory Services Inc. raised its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 144.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 65,151 shares of the real estate investment trust’s stock after purchasing an additional 38,462 shares during the period. Avantax Advisory Services Inc.’s holdings in Healthpeak Properties were worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. Avior Wealth Management LLC bought a new position in Healthpeak Properties in the third quarter valued at about $37,000. Groupama Asset Managment bought a new position in Healthpeak Properties in the third quarter valued at about $37,000. Wiser Advisor Group LLC bought a new position in Healthpeak Properties in the third quarter valued at about $42,000. Continuum Advisory LLC bought a new position in Healthpeak Properties in the third quarter valued at about $44,000. Finally, AdvisorNet Financial Inc grew its position in Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOC. Wells Fargo & Company reduced their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Mizuho reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Scotiabank reduced their price target 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. 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 report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.46 on Wednesday. Healthpeak Properties, Inc. has a 52-week low of $17.21 and a 52-week high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The business’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $21.20. The firm has a market cap of $14.32 billion, a PE ratio of 58.47, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued 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 of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 5.96%. Healthpeak Properties’s payout ratio is currently 348.57%.

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.