Inceptionr LLC Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Inceptionr LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 61,295 shares of the real estate investment trust's stock, valued at approximately $1,242,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. State Street Corp bought a new stake in Healthpeak Properties in the third quarter worth $1,093,576,000. JPMorgan Chase & Co. lifted its holdings in shares of Healthpeak Properties by 23.2% in 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 acquiring an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth about $403,898,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock valued at $205,810,000 after purchasing an additional 53,392 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Scotiabank decreased their target price on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Finally, Robert W. Baird cut their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $23.92.

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Healthpeak Properties Stock Up 1.0 %

Shares of NYSE DOC traded up $0.21 during mid-day trading on Monday, reaching $20.72. 6,088,321 shares of the company were exchanged, compared to its average volume of 4,745,248. Healthpeak Properties, Inc. has a 1 year low of $16.66 and a 1 year high of $23.26. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 59.19, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $20.20 and a 200 day moving average of $21.29.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a dividend of $0.305 per share. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 5.89%. Healthpeak Properties's dividend payout ratio is presently 348.57%.

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.