Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,628,407 shares of the real estate investment trust's stock after acquiring an additional 525,844 shares during the quarter. LPL Financial LLC owned approximately 0.52% of Healthpeak Properties worth $73,548,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State Street Corp acquired a new position in Healthpeak Properties in the third quarter valued at approximately $1,093,576,000. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $403,898,000. Principal Financial Group Inc. raised its stake in Healthpeak Properties by 2,113.5% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth $175,697,000. Finally, JPMorgan Chase & Co. lifted its position in Healthpeak Properties by 23.2% in the third 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 last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

DOC has been the subject of a number of research analyst reports. Wedbush decreased their target price on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. Mizuho lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Robert W. Baird cut their target price 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. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.92.

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Healthpeak Properties Stock Performance

NYSE:DOC traded up $0.04 during mid-day trading on Monday, reaching $20.23. The stock had a trading volume of 6,085,392 shares, compared to its average volume of 4,861,372. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50 day simple moving average of $20.22 and a 200 day simple moving average of $21.08. Healthpeak Properties, Inc. has a twelve month low of $17.80 and a twelve month high of $23.26. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.03%. The ex-dividend date was Friday, February 14th. Healthpeak Properties's dividend payout ratio (DPR) is currently 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.