Andra AP fonden trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 343,300 shares of the real estate investment trust's stock after selling 37,900 shares during the period. Andra AP fonden's holdings in Healthpeak Properties were worth $6,959,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in DOC. State Street Corp purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $1,093,576,000. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth about $403,898,000. Principal Financial Group Inc. boosted its position in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired 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.
Analyst Ratings Changes
DOC has been the topic of several recent research reports. Wedbush lowered their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Scotiabank reduced their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Mizuho cut 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 note on Thursday, December 5th. Robert W. Baird dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. One investment 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 company. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average target price of $23.92.
Get Our Latest Research Report on Healthpeak Properties
Healthpeak Properties Trading Down 0.6 %
DOC stock traded down $0.12 during midday trading on Wednesday, reaching $20.21. 3,754,858 shares of the company's stock traded hands, compared to its average volume of 4,733,762. Healthpeak Properties, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $23.26. The business has a 50-day moving average price of $20.21 and a two-hundred day moving average price of $21.27. The company has a market capitalization of $14.13 billion, a P/E ratio of 57.73, a PEG ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick 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 paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date was Friday, February 14th. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's payout ratio is currently 348.57%.
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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