OLD Mission Capital LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

OLD Mission Capital LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,742 shares of the real estate investment trust's stock, valued at approximately $887,000.

Several other large investors also recently bought and sold shares of the business. State Street Corp purchased a new position in Healthpeak Properties during the third quarter worth about $1,093,576,000. JPMorgan Chase & Co. increased its holdings in shares of Healthpeak Properties by 23.2% during the 3rd 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. Geode Capital Management LLC raised its position in shares of Healthpeak Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after buying an additional 638,012 shares during the period. Principal Financial Group Inc. lifted its holdings in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock valued at $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Healthpeak Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock worth $205,810,000 after acquiring an additional 53,392 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

Healthpeak Properties Stock Performance

DOC traded down $0.76 on Thursday, reaching $17.89. The company had a trading volume of 1,230,970 shares, compared to its average volume of 4,964,864. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1 year low of $17.33 and a 1 year high of $23.26. The stock has a market capitalization of $12.51 billion, a PE ratio of 51.14, a P/E/G ratio of 2.17 and a beta of 1.02. The stock has a 50-day moving average price of $19.87 and a 200-day moving average price of $20.88.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.82%. Healthpeak Properties's dividend payout ratio (DPR) 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.