Pictet Asset Management Holding SA Has $21.31 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Pictet Asset Management Holding SA grew its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,051,330 shares of the real estate investment trust's stock after acquiring an additional 57,432 shares during the period. Pictet Asset Management Holding SA owned about 0.15% of Healthpeak Properties worth $21,310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp bought a new position in Healthpeak Properties during the third quarter worth about $1,093,576,000. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 4,056,931 shares during the period. Principal Financial Group Inc. increased its holdings in shares of 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 acquiring an additional 17,314,572 shares during the last quarter. Geode Capital Management LLC bought a new stake in Healthpeak Properties in the 3rd quarter valued at $403,898,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock valued at $205,810,000 after purchasing an additional 53,392 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

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Healthpeak Properties Price Performance

Healthpeak Properties stock traded down $0.80 during trading hours on Friday, reaching $18.66. 3,161,959 shares of the stock were exchanged, compared to its average volume of 4,842,477. 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 twelve month low of $17.80 and a twelve month high of $23.26. The company has a market cap of $13.06 billion, a P/E ratio of 53.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The stock has a 50 day moving average of $20.16 and a two-hundred day moving average of $21.04.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.54%. 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. Healthpeak Properties's dividend payout ratio (DPR) is 348.57%.

Wall Street Analyst Weigh In

DOC has been the topic of several research reports. Scotiabank decreased their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Mizuho decreased 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 Thursday, December 5th. StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. Finally, Wedbush reduced 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. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.83.

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.