Keybank National Association OH Purchases 248,992 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Keybank National Association OH increased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 36.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 934,490 shares of the real estate investment trust's stock after purchasing an additional 248,992 shares during the period. Keybank National Association OH owned approximately 0.13% of Healthpeak Properties worth $18,942,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Healthpeak Properties by 23.2% during 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 purchasing an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $1,880,000. Swedbank AB acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $1,832,000. Pathstone Holdings LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $1,968,000. Finally, Associated Banc Corp acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $10,559,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Wedbush cut their price target on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Scotiabank cut their price target on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Mizuho cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average target price of $23.92.

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Healthpeak Properties Price Performance

NYSE DOC traded up $0.39 during trading hours on Friday, reaching $20.52. 4,462,935 shares of the company's stock were exchanged, compared to its average volume of 4,746,176. The stock has a market cap of $14.35 billion, a PE ratio of 58.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a one year low of $16.66 and a one year high of $23.26. The firm has a fifty day moving average of $20.20 and a 200-day moving average of $21.30. 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 firm also recently declared 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. The ex-dividend date was Friday, February 14th. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 5.95%. Healthpeak Properties's dividend payout ratio is 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.