Healthpeak Properties, Inc. (NYSE:DOC) Sees Significant Increase in Short Interest

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 12,280,000 shares, a growth of 9.2% from the January 15th total of 11,250,000 shares. Based on an average daily trading volume, of 4,860,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Trading of Healthpeak Properties

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Healthpeak Properties by 23.2% during the third 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 in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $1,880,000. Swedbank AB acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $1,832,000. Pathstone Holdings LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $1,968,000. Finally, Associated Banc Corp acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $10,559,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

DOC has been the subject of a number of research reports. Robert W. Baird dropped their target price 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. Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, February 14th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Finally, Morgan Stanley raised 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Healthpeak Properties Trading Up 1.5 %

NYSE DOC traded up $0.29 during trading hours on Thursday, reaching $19.79. The company had a trading volume of 4,705,663 shares, compared to its average volume of 4,776,022. The stock has a 50-day moving average of $20.25 and a 200 day moving average of $21.41. Healthpeak Properties has a 1-year low of $16.01 and a 1-year high of $23.26. 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 stock has a market capitalization of $13.84 billion, a P/E ratio of 56.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Friday, February 14th. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's dividend payout ratio is currently 348.58%.

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.