Carret Asset Management LLC Sells 3,300 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Carret Asset Management LLC cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,421 shares of the real estate investment trust’s stock after selling 3,300 shares during the period. Carret Asset Management LLC’s holdings in Healthpeak Properties were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Healthpeak Properties by 23.2% in 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 acquiring an additional 4,056,931 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Healthpeak Properties in the 3rd quarter worth about $1,880,000. Pathstone Holdings LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter worth about $1,968,000. Swedbank AB bought a new position in shares of Healthpeak Properties in the 3rd quarter worth about $1,832,000. Finally, Associated Banc Corp bought a new position in shares of Healthpeak Properties in the 3rd quarter worth about $10,559,000. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOC has been the subject of several research analyst reports. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. Wedbush decreased their target price 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. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird decreased 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 decreased their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Price Performance

DOC stock opened at $20.45 on Friday. The company has a market capitalization of $14.30 billion, a P/E ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. 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, Inc. has a 52-week low of $16.66 and a 52-week high of $23.26. The business has a 50-day simple moving average of $20.21 and a two-hundred day simple moving average of $21.24.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is presently 348.57%.

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.