New Age Alpha Advisors LLC Invests $2.41 Million in Healthpeak Properties, Inc. (NYSE:DOC)

New Age Alpha Advisors LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 118,683 shares of the real estate investment trust’s stock, valued at approximately $2,406,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $30,000. Groupama Asset Managment bought a new position in shares of Healthpeak Properties during the third quarter worth about $37,000. Continuum Advisory LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $44,000. AdvisorNet Financial Inc lifted its stake in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Healthpeak Properties during the 4th quarter worth approximately $45,000. 93.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Wedbush reduced their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Price Performance

NYSE:DOC opened at $20.20 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12-month low of $17.80 and a 12-month high of $23.26. The stock’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $21.10. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.04%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

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.