Truist Financial Corp Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Truist Financial Corp lessened its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,525 shares of the real estate investment trust’s stock after selling 4,299 shares during the period. Truist Financial Corp owned 0.05% of Healthpeak Properties worth $7,673,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HM Payson & Co. purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $26,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $32,000. Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $33,000. Finally, Avior Wealth Management LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $19.75 on Friday. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 56.42, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The stock’s 50-day moving average is $20.20 and its 200 day moving average is $21.39.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 6.18%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.58%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DOC shares. 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 research note on Wednesday, January 15th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Wedbush decreased their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.00.

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.