Raymond James Financial Inc. Makes New $22.55 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Raymond James Financial Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,112,244 shares of the real estate investment trust’s stock, valued at approximately $22,545,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its holdings 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 worth $44,000 after purchasing an additional 563 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of 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 worth $133,000 after buying an additional 598 shares during the period. Huntington National Bank grew its stake in Healthpeak Properties by 3.0% during the 4th quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 613 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Healthpeak Properties by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 700 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Healthpeak Properties by 3.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 797 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Robert W. Baird dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. Scotiabank reduced their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Finally, Wedbush reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Healthpeak Properties in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.83.

Healthpeak Properties Stock Up 0.9 %

Shares of NYSE DOC opened at $18.75 on Friday. Healthpeak Properties, Inc. has a 12-month low of $17.33 and a 12-month high of $23.26. The firm’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $20.69. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties’s dividend 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.