Canada Pension Plan Investment Board Has $2.34 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Canada Pension Plan Investment Board lowered its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,300 shares of the real estate investment trust's stock after selling 54,000 shares during the quarter. Canada Pension Plan Investment Board's holdings in Healthpeak Properties were worth $2,337,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings 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 worth $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Norges Bank acquired a new stake in shares of Healthpeak Properties in the fourth quarter worth about $166,804,000. Long Pond Capital LP bought a new stake in shares of Healthpeak Properties during the 4th quarter worth about $86,885,000. JPMorgan Chase & Co. increased its holdings in shares of 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 during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Healthpeak Properties by 56,120.9% during the 4th quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust's stock valued at $34,181,000 after acquiring an additional 1,683,066 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

DOC stock traded down $0.97 during trading on Friday, reaching $17.84. 11,084,354 shares of the stock were exchanged, compared to its average volume of 4,904,314. The stock has a 50 day simple moving average of $19.57 and a 200-day simple moving average of $20.56. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $12.48 billion, a P/E ratio of 50.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Healthpeak Properties, Inc. has a twelve month low of $17.33 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. The business had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 6.5%. Healthpeak Properties's dividend payout ratio (DPR) is currently 305.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DOC shares. Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Scotiabank decreased their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Wedbush reiterated an "outperform" rating and issued a $24.00 price objective on shares of Healthpeak Properties in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.09.

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.