Envestnet Portfolio Solutions Inc. Buys 2,140 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Envestnet Portfolio Solutions Inc. raised its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,529 shares of the real estate investment trust’s stock after acquiring an additional 2,140 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Healthpeak Properties were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC lifted its holdings in shares of Healthpeak Properties by 7.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 29,445 shares of the real estate investment trust’s stock worth $597,000 after acquiring an additional 1,950 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its stake in shares of Healthpeak Properties by 0.8% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 199,112 shares of the real estate investment trust’s stock valued at $4,036,000 after buying an additional 1,600 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Healthpeak Properties by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 476,602 shares of the real estate investment trust’s stock valued at $9,661,000 after buying an additional 12,727 shares during the period. Achmea Investment Management B.V. increased its stake in shares of Healthpeak Properties by 34.7% in the fourth quarter. Achmea Investment Management B.V. now owns 431,323 shares of the real estate investment trust’s stock valued at $8,743,000 after buying an additional 111,034 shares during the period. Finally, Vestcor Inc increased its stake in shares of Healthpeak Properties by 137.3% in the fourth quarter. Vestcor Inc now owns 187,499 shares of the real estate investment trust’s stock valued at $3,801,000 after buying an additional 108,484 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. Wedbush lowered their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. 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 note on Wednesday, January 15th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Mizuho lowered their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $20.02 on Monday. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 57.19, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 52-week low of $17.45 and a 52-week high of $23.26. The stock’s 50 day moving average price is $20.24 and its two-hundred day moving average price is $21.16. 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 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 represents a $1.22 dividend on an annualized basis and a dividend yield of 6.10%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend 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.