Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,586,022 shares of the real estate investment trust's stock after acquiring an additional 105,720 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.23% of Healthpeak Properties worth $32,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DOC. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties in the fourth quarter worth about $30,000. Continuum Advisory LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth approximately $44,000. AdvisorNet Financial Inc lifted its stake in shares of Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 563 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Healthpeak Properties during the 4th quarter valued at $45,000. Finally, Assetmark Inc. boosted its holdings in Healthpeak Properties by 433.5% during the 4th quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 2,423 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Scotiabank reduced 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 report on Friday, February 28th. Robert W. Baird lowered 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. Finally, Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and a consensus price target of $23.83.

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Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.31 during mid-day trading on Thursday, reaching $19.75. The stock had a trading volume of 1,168,741 shares, compared to its average volume of 4,674,597. 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, Inc. has a 1-year low of $17.80 and a 1-year high of $23.26. The firm 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. The business's fifty day moving average is $20.18 and its 200-day moving average is $21.05.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid 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 6.18%. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's dividend payout ratio is presently 348.57%.

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.