Proficio Capital Partners LLC Buys Shares of 53,574 Healthpeak Properties, Inc. (NYSE:DOC)

Proficio Capital Partners LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 53,574 shares of the real estate investment trust’s stock, valued at approximately $1,086,000.

Several other hedge funds have also recently made changes to their positions in the company. Atria Investments Inc raised its stake in shares of Healthpeak Properties by 17.5% in the fourth quarter. Atria Investments Inc now owns 52,516 shares of the real estate investment trust’s stock valued at $1,064,000 after buying an additional 7,806 shares during the period. Assetmark Inc. raised its stake in shares of Healthpeak Properties by 433.5% in the fourth quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 2,423 shares during the period. Keybank National Association OH raised its stake in shares of Healthpeak Properties by 36.3% in the fourth quarter. Keybank National Association OH now owns 934,490 shares of the real estate investment trust’s stock valued at $18,942,000 after buying an additional 248,992 shares during the period. Commerzbank Aktiengesellschaft FI raised 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 valued at $420,000 after purchasing an additional 797 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock valued at $205,810,000 after purchasing an additional 53,392 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

DOC opened at $20.34 on Friday. The stock has a 50-day moving average price of $20.23 and a 200-day moving average price of $21.19. Healthpeak Properties, Inc. has a 12-month low of $17.45 and a 12-month high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $14.23 billion, a P/E ratio of 58.11, a PEG ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. 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 dividend yield of 6.00%. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Analyst Ratings Changes

DOC has been the topic of a number of analyst reports. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Wedbush decreased their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, Robert W. Baird decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

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.