Geode Capital Management LLC Raises Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Geode Capital Management LLC grew its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,355,772 shares of the real estate investment trust's stock after acquiring an additional 638,012 shares during the quarter. Geode Capital Management LLC owned about 2.62% of Healthpeak Properties worth $371,168,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. State Street Corp purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at about $1,093,576,000. Principal Financial Group Inc. lifted 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 valued at $367,575,000 after acquiring an additional 17,314,572 shares during the period. Norges Bank purchased a new stake in Healthpeak Properties in the 4th quarter worth approximately $166,804,000. JPMorgan Chase & Co. grew its stake 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 worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. Finally, FMR LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $67,058,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DOC. Wedbush decreased their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. Scotiabank cut their price target 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. Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research note on Wednesday, January 15th. Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Finally, StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.83.

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Healthpeak Properties Stock Down 4.1 %

Healthpeak Properties stock traded down $0.76 during midday trading on Thursday, reaching $17.89. The company's stock had a trading volume of 1,230,970 shares, compared to its average volume of 4,964,864. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $23.26. The company has a market cap of $12.51 billion, a P/E ratio of 51.14, a P/E/G ratio of 2.17 and a beta of 1.02. The business has a 50-day simple moving average of $19.87 and a 200-day simple moving average of $20.88.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.22 dividend on an annualized basis and a yield of 6.82%. Healthpeak Properties's payout ratio is currently 348.57%.

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.