AIA Group Ltd Acquires 74,179 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

AIA Group Ltd raised its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 579.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,978 shares of the real estate investment trust's stock after purchasing an additional 74,179 shares during the quarter. AIA Group Ltd's holdings in Healthpeak Properties were worth $1,763,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DOC. Wellington Management Group LLP raised its position in Healthpeak Properties by 122.8% in the fourth quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust's stock worth $3,158,000 after acquiring an additional 85,867 shares during the period. DnB Asset Management AS raised its holdings in Healthpeak Properties by 3.0% in the 4th quarter. DnB Asset Management AS now owns 145,884 shares of the real estate investment trust's stock worth $2,957,000 after purchasing an additional 4,298 shares during the period. Pictet Asset Management Holding SA lifted its position in Healthpeak Properties by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,051,330 shares of the real estate investment trust's stock valued at $21,310,000 after purchasing an additional 57,432 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Healthpeak Properties by 3.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140,961 shares of the real estate investment trust's stock valued at $23,127,000 after purchasing an additional 33,949 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Healthpeak Properties in the fourth quarter worth about $2,406,000. Institutional investors own 93.57% of the company's stock.

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Healthpeak Properties Price Performance

NYSE DOC traded down $0.62 during trading on Thursday, hitting $19.45. 4,953,433 shares of the stock traded hands, compared to its average volume of 4,850,387. The company has a market capitalization of $13.60 billion, a P/E ratio of 55.56, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 12-month low of $17.80 and a 12-month high of $23.26. The firm has a 50-day simple moving average of $20.18 and a 200-day simple moving average of $21.05. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's payout ratio is currently 348.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DOC shares. Robert W. Baird cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley upgraded 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 research report on Wednesday, January 15th. Mizuho decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Scotiabank lowered their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Four investment 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 company. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.

Healthpeak Properties 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.