SVB Wealth LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,664 shares of the real estate investment trust's stock, valued at approximately $459,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp bought a new stake in Healthpeak Properties during the 3rd quarter valued at $1,093,576,000. JPMorgan Chase & Co. raised its stake in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after acquiring an additional 4,056,931 shares in the last quarter. Principal Financial Group Inc. raised its stake in Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock valued at $367,575,000 after acquiring an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $403,898,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Healthpeak Properties during the 3rd quarter valued at $230,988,000. Institutional investors and hedge funds own 93.57% of the company's stock.
Healthpeak Properties Stock Up 1.9 %
DOC stock traded up $0.39 during mid-day trading on Friday, hitting $20.52. The stock had a trading volume of 4,462,935 shares, compared to its average volume of 4,746,176. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1-year low of $16.66 and a 1-year high of $23.26. The company has a fifty day moving average of $20.20 and a 200 day moving average of $21.30. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 2.17 and a beta of 1.14.
Healthpeak Properties Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties's dividend payout ratio is presently 348.57%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on DOC shares. 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 note on Friday, February 28th. Wells Fargo & Company dropped 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 report on Tuesday, December 10th. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Finally, Wedbush reduced 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus target price of $23.92.
Get Our Latest Stock Analysis on Healthpeak Properties
Healthpeak Properties Profile
(
Free Report)
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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