Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 39.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 301,317 shares of the real estate investment trust's stock after selling 197,478 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Healthpeak Properties were worth $6,108,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Healthpeak Properties during the 4th quarter worth about $30,000. Continuum Advisory LLC bought a new position in Healthpeak Properties in the third quarter worth approximately $44,000. AdvisorNet Financial Inc grew its stake in Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 563 shares during the period. Kestra Investment Management LLC acquired a new stake in Healthpeak Properties in the fourth quarter valued at approximately $45,000. Finally, Assetmark Inc. raised its position in shares of Healthpeak Properties by 433.5% during the fourth quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 2,423 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.
Healthpeak Properties Stock Performance
DOC stock traded down $0.61 during midday trading on Friday, reaching $18.85. 548,209 shares of the company's stock traded hands, compared to its average volume of 4,832,064. The firm has a market capitalization of $13.19 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a 50-day moving average price of $20.16 and a two-hundred day moving average price of $21.04. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.
Healthpeak Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a dividend of $0.305 per share. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.47%. Healthpeak Properties's dividend payout ratio is 348.57%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Scotiabank reduced their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Wedbush cut their price target on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a research note 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 for the company in a report on Thursday, December 5th. Finally, 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. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.
View Our Latest Research Report on Healthpeak Properties
Healthpeak Properties Company Profile
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Free Report)
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.
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