215,219 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 215,219 shares of the real estate investment trust's stock, valued at approximately $4,362,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position 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 valued at $493,115,000 after purchasing an additional 4,056,931 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Healthpeak Properties during the third quarter valued at about $1,880,000. Swedbank AB acquired a new position in shares of Healthpeak Properties in the third quarter worth about $1,832,000. Pathstone Holdings LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth approximately $1,968,000. Finally, Citigroup Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $14,154,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Down 0.1 %

Shares of Healthpeak Properties stock traded down $0.03 during midday trading on Friday, reaching $20.20. 3,458,537 shares of the company's stock traded hands, compared to its average volume of 4,856,476. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. The company's 50 day simple moving average is $20.23 and its 200 day simple moving average is $21.10. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

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Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.04%. 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

Several equities analysts have weighed in on DOC shares. 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 report on Friday, February 14th. 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 report on Wednesday, January 15th. Robert W. Baird reduced 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. Scotiabank lowered their target price on 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, Mizuho reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.92.

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.