Allianz Asset Management GmbH Sells 11,929 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Allianz Asset Management GmbH reduced its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,607,808 shares of the real estate investment trust’s stock after selling 11,929 shares during the quarter. Allianz Asset Management GmbH owned 0.23% of Healthpeak Properties worth $32,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DOC. State Street Corp bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $1,093,576,000. JPMorgan Chase & Co. lifted its position in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. grew its stake in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $403,898,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $230,988,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 0.1 %

Shares of Healthpeak Properties stock opened at $19.75 on Monday. The company’s 50 day moving average price is $20.20 and its 200-day moving average price is $21.39. Healthpeak Properties, Inc. has a 52-week low of $16.01 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 stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 56.42, a P/E/G ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a $0.305 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.18%. Healthpeak Properties’s payout ratio is presently 348.57%.

Analysts Set New Price Targets

Several research analysts recently issued reports on DOC shares. Wedbush cut their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Robert W. Baird dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Healthpeak Properties 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.