abrdn plc Purchases 75,211 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

abrdn plc grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,824,519 shares of the real estate investment trust's stock after purchasing an additional 75,211 shares during the quarter. abrdn plc owned about 0.40% of Healthpeak Properties worth $56,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DOC. AMF Tjanstepension AB bought a new position in Healthpeak Properties in the 3rd quarter worth $15,548,000. Czech National Bank bought a new position in Healthpeak Properties in the 3rd quarter worth $3,279,000. SG Americas Securities LLC bought a new position in Healthpeak Properties in the 3rd quarter worth $2,601,000. Park Avenue Securities LLC bought a new position in Healthpeak Properties in the 3rd quarter worth $506,000. Finally, Handelsbanken Fonder AB bought a new position in Healthpeak Properties in the 3rd quarter worth $11,668,000. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Wells Fargo & Company decreased 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 report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and a consensus target price of $24.15.

Healthpeak Properties Price Performance

Shares of NYSE DOC traded down $0.27 during trading on Friday, reaching $19.85. The company had a trading volume of 6,439,352 shares, compared to its average volume of 4,675,860. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market cap of $13.89 billion, a PE ratio of 56.71, a PEG ratio of 2.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. The business's 50 day moving average price is $20.54 and its 200-day moving average price is $21.51.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase 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 6.15%. Healthpeak Properties's payout ratio is currently 342.87%.

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.