Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 20.4% during the fourth quarter, HoldingsChannel reports. The fund owned 3,117,982 shares of the real estate investment trust’s stock after selling 800,108 shares during the period. Russell Investments Group Ltd.’s holdings in Healthpeak Properties were worth $63,192,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. M&T Bank Corp purchased a new position in Healthpeak Properties in the third quarter valued at about $22,995,000. HighTower Advisors LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $4,141,000. Diamant Asset Management Inc. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $564,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $29,226,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 5.3 %

Shares of DOC opened at $18.42 on Monday. Healthpeak Properties, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.26. The company has a market capitalization of $12.89 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock has a fifty day moving average of $20.11 and a two-hundred day moving average of $21.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid 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 yield of 6.62%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Analysts Set New Price Targets

Several research firms recently weighed in on DOC. Robert W. Baird dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Wedbush dropped their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. 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 report on Wednesday, January 15th. Finally, StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.