12,958 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,958 shares of the real estate investment trust's stock, valued at approximately $263,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in 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 valued at $493,115,000 after acquiring an additional 4,056,931 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Healthpeak Properties in the third quarter worth $1,880,000. Pathstone Holdings LLC acquired a new position in shares of Healthpeak Properties during the third quarter valued at $1,968,000. Swedbank AB bought a new stake in shares of Healthpeak Properties during the third quarter valued at about $1,832,000. Finally, Citigroup Inc. acquired a new stake in Healthpeak Properties in the third quarter worth about $14,154,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

DOC has been the topic of several research analyst reports. 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. Wedbush lowered their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average target price of $23.92.

Remove Ads

Healthpeak Properties Trading Down 0.1 %

DOC stock traded down $0.03 during mid-day trading on Friday, reaching $20.20. 3,458,537 shares of the stock traded hands, compared to its average volume of 4,856,476. Healthpeak Properties, Inc. has a 52-week low of $17.80 and a 52-week high of $23.26. The stock's fifty day moving average is $20.23 and its 200-day moving average is $21.09. The company has a market cap of $14.13 billion, a P/E ratio of 57.70, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 6.04%. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties's payout ratio is presently 348.57%.

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.