Spirit of America Management Corp NY Sells 2,000 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Spirit of America Management Corp NY cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,217 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Healthpeak Properties were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DOC. AMF Tjanstepension AB purchased a new position in Healthpeak Properties during the 3rd quarter worth $15,548,000. Czech National Bank acquired a new position in Healthpeak Properties in the 3rd quarter worth about $3,279,000. SG Americas Securities LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $2,601,000. Park Avenue Securities LLC acquired a new stake in shares of Healthpeak Properties in the third quarter worth approximately $506,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Healthpeak Properties during the third quarter worth $11,668,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC opened at $20.05 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $14.02 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The company’s 50 day simple moving average is $20.67 and its 200-day simple moving average is $21.54. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a dividend of $0.305 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.09%. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Analyst Ratings Changes

DOC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average price target of $24.15.

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.