AMF Tjanstepension AB trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 57.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 285,747 shares of the real estate investment trust's stock after selling 392,767 shares during the period. AMF Tjanstepension AB's holdings in Healthpeak Properties were worth $5,805,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. State Street Corp bought a new position in Healthpeak Properties during the third quarter worth $1,093,576,000. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties during the third quarter valued at about $403,898,000. Principal Financial Group Inc. boosted its position in shares of 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 worth $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Healthpeak Properties in the 3rd quarter valued at about $175,697,000. Institutional investors and hedge funds own 93.57% of the company's stock.
Healthpeak Properties Stock Performance
NYSE:DOC traded down $0.12 during trading on Wednesday, reaching $20.21. The company's stock had a trading volume of 3,754,869 shares, compared to its average volume of 4,733,762. Healthpeak Properties, Inc. has a 12 month low of $16.66 and a 12 month high of $23.26. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 57.73, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The firm has a 50 day moving average of $20.21 and a 200-day moving average of $21.27. 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 business also recently disclosed 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. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.04%. Healthpeak Properties's payout ratio is currently 348.57%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Wedbush lowered their target price 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. Mizuho dropped their price target 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. Robert W. Baird decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Scotiabank lowered their price objective 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. Finally, Wells Fargo & Company cut their target price on 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 equities 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.92.
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About Healthpeak Properties
(
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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