Orion Portfolio Solutions LLC Has $4.33 Million Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Orion Portfolio Solutions LLC decreased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 328,020 shares of the real estate investment trust’s stock after selling 58,824 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.14% of Healthpeak Properties worth $4,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in Healthpeak Properties by 42.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,712 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Healthpeak Properties in the 3rd quarter valued at about $124,000. Quadrant Capital Group LLC raised its stake in Healthpeak Properties by 645.4% during the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 8,352 shares during the period. Stratos Wealth Partners LTD. bought a new position in Healthpeak Properties in the fourth quarter worth approximately $134,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Healthpeak Properties in the fourth quarter valued at approximately $146,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC opened at $19.10 on Monday. The stock has a 50 day moving average of $18.70 and a 200 day moving average of $14.90. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 2.38 and a beta of 1.01. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $22.38. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.92.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 3rd. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 6.28%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.87%.

Analyst Ratings Changes

DOC has been the topic of a number of research reports. Mizuho reaffirmed a “buy” rating and set a $22.00 target price on shares of Healthpeak Properties in a research report on Monday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. BNP Paribas raised shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Friday, April 26th. Scotiabank raised their price target on shares of Healthpeak Properties from $22.00 to $23.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Royal Bank of Canada boosted their price objective on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus price target of $19.41.

About Healthpeak Properties

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.