United Services Automobile Association Cuts Stake in Healthpeak Properties, Inc. (NYSE:DOC)

United Services Automobile Association lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,535 shares of the real estate investment trust’s stock after selling 4,271 shares during the period. United Services Automobile Association’s holdings in Healthpeak Properties were worth $376,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its holdings in shares of 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 worth $44,000 after purchasing an additional 563 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 598 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Healthpeak Properties by 3.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 797 shares during the period. Mirador Capital Partners LP increased its holdings in Healthpeak Properties by 2.8% in the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 901 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Healthpeak Properties by 10.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,117 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 927 shares during the period. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

DOC has been the subject of several recent research reports. Mizuho reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wedbush dropped their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Scotiabank reduced their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Up 2.1 %

Shares of NYSE:DOC opened at $20.45 on Tuesday. The firm has a fifty day moving average of $20.25 and a 200 day moving average of $21.15. Healthpeak Properties, Inc. has a 52-week low of $17.45 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 firm has a market capitalization of $14.30 billion, a PE ratio of 58.42, a price-to-earnings-growth 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 given a dividend of $0.305 per share. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 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.