Bridgewater Associates LP acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,855 shares of the real estate investment trust's stock, valued at approximately $443,000.
Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $493,115,000 after buying an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC raised its position in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after acquiring an additional 638,012 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Healthpeak Properties by 2,113.5% in the fourth 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 during the last quarter. Centersquare Investment Management LLC grew its position in Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock worth $227,339,000 after acquiring an additional 398,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock worth $205,810,000 after purchasing an additional 53,392 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.
Healthpeak Properties Stock Performance
Healthpeak Properties stock traded up $0.02 during mid-day trading on Wednesday, reaching $18.83. The company had a trading volume of 4,721,747 shares, compared to its average volume of 4,904,642. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 53.80, a PEG ratio of 2.17 and a beta of 1.02. The company has a 50 day moving average of $19.63 and a 200-day moving average of $20.63. Healthpeak Properties, Inc. has a 52 week low of $17.33 and a 52 week high of $23.26.
Healthpeak Properties Announces Dividend
The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a dividend of $0.1017 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties's dividend payout ratio (DPR) is presently 348.57%.
Wall Street Analysts Forecast Growth
DOC has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Scotiabank decreased their price target 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. Wedbush reissued an "outperform" rating and set a $24.00 price objective on shares of Healthpeak Properties in a report on Friday, April 11th. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Robert W. Baird lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.
Read Our Latest Stock Analysis on Healthpeak Properties
Healthpeak Properties Company 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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