APG Asset Management US Inc. lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 26.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,470,270 shares of the real estate investment trust's stock after purchasing an additional 517,990 shares during the quarter. Healthpeak Properties comprises about 0.4% of APG Asset Management US Inc.'s portfolio, making the stock its 26th largest holding. APG Asset Management US Inc. owned about 0.35% of Healthpeak Properties worth $50,072,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mizuho Bank Ltd. acquired a new position in shares of Healthpeak Properties during the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $30,000. Groupama Asset Managment acquired a new position in shares of Healthpeak Properties during the third quarter worth $37,000. Continuum Advisory LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $44,000. Finally, AdvisorNet Financial Inc lifted its holdings in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Wedbush reiterated an "outperform" rating and set a $24.00 target price on shares of Healthpeak Properties in a research note on Friday. Scotiabank dropped their price target on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research 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. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.83.
Check Out Our Latest Analysis on DOC
Healthpeak Properties Price Performance
Shares of DOC stock traded up $0.37 during trading hours on Monday, reaching $18.53. 1,407,811 shares of the company were exchanged, compared to its average volume of 4,888,382. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The stock's fifty day moving average is $19.79 and its two-hundred day moving average is $20.81. 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 $12.96 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 2.17 and a beta of 1.02.
Healthpeak Properties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.58%. The ex-dividend date is Monday, June 16th. Healthpeak Properties's dividend payout ratio is 348.57%.
Healthpeak Properties 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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