PGGM Investments Sells 172,680 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

PGGM Investments lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,166,234 shares of the real estate investment trust's stock after selling 172,680 shares during the quarter. Healthpeak Properties accounts for 1.9% of PGGM Investments' investment portfolio, making the stock its 11th biggest position. PGGM Investments owned 1.02% of Healthpeak Properties worth $145,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of 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 worth $493,115,000 after buying an additional 4,056,931 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of Healthpeak Properties in the third quarter valued at about $1,880,000. Pathstone Holdings LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at about $1,968,000. Swedbank AB purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $1,832,000. Finally, Associated Banc Corp bought a new stake in shares of Healthpeak Properties in the third quarter worth about $10,559,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Up 0.2 %

Shares of Healthpeak Properties stock traded up $0.05 during midday trading on Monday, hitting $20.52. The company had a trading volume of 3,538,242 shares, compared to its average volume of 4,638,025. Healthpeak Properties, Inc. has a 52-week low of $17.05 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. The stock has a market capitalization of $14.35 billion, a P/E ratio of 58.62, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a 50 day moving average of $20.21 and a 200 day moving average of $21.23.

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Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties's dividend payout ratio is currently 348.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wedbush dropped their price objective on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Robert W. Baird dropped their price target on 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 raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.92.

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.