Thrivent Financial for Lutherans Sells 32,815 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Thrivent Financial for Lutherans lowered its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 39.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,391 shares of the real estate investment trust's stock after selling 32,815 shares during the quarter. Thrivent Financial for Lutherans' holdings in Healthpeak Properties were worth $1,001,000 at the end of the most recent quarter.

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A number of other institutional investors have also recently made changes to their positions in DOC. State Street Corp bought a new stake in shares of Healthpeak Properties in the third quarter worth about $1,093,576,000. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after buying an additional 4,056,931 shares during the period. Principal Financial Group Inc. grew its position in shares of Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after buying an additional 17,314,572 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Healthpeak Properties by 0.5% during the fourth 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 acquiring an additional 53,392 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Wells Fargo & Company cut 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 research note on Tuesday, December 10th. StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Wedbush cut their price objective 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. Finally, Scotiabank decreased their target price 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. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.

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Read Our Latest Research Report on DOC

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $20.02 on Wednesday. The stock's 50 day moving average is $20.19 and its 200 day moving average is $21.06. The company has a market capitalization of $14.00 billion, a P/E ratio of 57.19, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a twelve month low of $17.80 and a twelve month high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

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The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.10%. 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.

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