Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,043 shares of the real estate investment trust's stock after purchasing an additional 41,571 shares during the period. DAVENPORT & Co LLC owned approximately 0.07% of Healthpeak Properties worth $10,055,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp purchased a new position in shares of Healthpeak Properties in the third quarter valued at $1,093,576,000. Geode Capital Management LLC bought a new position in Healthpeak Properties during the third quarter valued at $403,898,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $102,615,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Trading Up 0.5 %

NYSE:DOC traded up $0.10 during midday trading on Thursday, hitting $20.14. The stock had a trading volume of 4,576,027 shares, compared to its average volume of 4,726,646. The stock has a 50-day moving average of $20.63 and a 200 day moving average of $21.53. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 2.22 and a beta of 1.15. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a $0.305 dividend. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties's payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DOC shares. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.15.

About Healthpeak Properties

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.