JPMorgan Chase & Co. Has $398.64 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

JPMorgan Chase & Co. reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,666,516 shares of the real estate investment trust's stock after selling 1,895,124 shares during the period. JPMorgan Chase & Co. owned approximately 2.81% of Healthpeak Properties worth $398,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Healthpeak Properties by 7.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,586,022 shares of the real estate investment trust's stock worth $32,387,000 after acquiring an additional 105,720 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Healthpeak Properties by 4.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust's stock worth $337,000 after purchasing an additional 700 shares in the last quarter. LPL Financial LLC lifted its holdings in Healthpeak Properties by 16.9% during the 4th quarter. LPL Financial LLC now owns 3,628,407 shares of the real estate investment trust's stock valued at $73,548,000 after purchasing an additional 525,844 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $4,362,000. Finally, Sfmg LLC grew its position in Healthpeak Properties by 5.1% during the 4th quarter. Sfmg LLC now owns 103,179 shares of the real estate investment trust's stock worth $2,091,000 after acquiring an additional 5,023 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research note on Wednesday, January 15th. Finally, 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 research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties presently has an average rating of "Moderate Buy" and a consensus price target of $23.83.

Healthpeak Properties Trading Down 1.5 %

NYSE DOC traded down $0.31 on Thursday, reaching $19.75. The company had a trading volume of 1,168,741 shares, compared to its average volume of 4,674,597. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. The stock's 50 day moving average is $20.18 and its 200-day moving average is $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. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 56.43, a PEG ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 6.18%. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties's dividend payout ratio (DPR) is currently 348.57%.

Healthpeak Properties Company 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.