National Bank of Canada FI Acquires 1,683,066 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

National Bank of Canada FI increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 56,120.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,686,065 shares of the real estate investment trust's stock after purchasing an additional 1,683,066 shares during the period. National Bank of Canada FI owned approximately 0.24% of Healthpeak Properties worth $34,181,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DOC. State Street Corp acquired a new position in Healthpeak Properties during the 3rd quarter valued at approximately $1,093,576,000. Geode Capital Management LLC acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $403,898,000. Principal Financial Group Inc. boosted 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 purchasing an additional 17,314,572 shares during the last quarter. Norges Bank purchased a new position in Healthpeak Properties in the 4th quarter worth approximately $166,804,000. Finally, JPMorgan Chase & Co. boosted its stake in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after buying 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

Several analysts have 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 on the stock in a research report on Friday, February 28th. Wedbush cut their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley upgraded 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 report on Wednesday, January 15th. Finally, StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.83.

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Healthpeak Properties Stock Down 1.4 %

DOC traded down $0.26 during midday trading on Monday, hitting $18.17. 3,237,822 shares of the company's stock traded hands, compared to its average volume of 4,739,950. The company has a market cap of $12.71 billion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock's fifty day simple moving average is $20.11 and its 200-day simple moving average is $21.00. Healthpeak Properties, Inc. has a one year low of $17.56 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently disclosed 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 was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.71%. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's dividend payout ratio (DPR) is currently 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.