Pinebridge Investments L.P. Increases Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Pinebridge Investments L.P. grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,428 shares of the real estate investment trust's stock after buying an additional 23,848 shares during the period. Pinebridge Investments L.P.'s holdings in Healthpeak Properties were worth $6,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties in the 4th quarter worth about $28,000. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties in the fourth quarter worth about $30,000. Covestor Ltd increased its stake in shares of Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $45,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded down $0.97 during midday trading on Friday, hitting $17.84. 11,084,354 shares of the company's stock traded hands, compared to its average volume of 4,904,314. The firm has a fifty day moving average of $19.57 and a 200 day moving average of $20.56. Healthpeak Properties, Inc. has a 1 year low of $17.33 and a 1 year 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 $12.48 billion, a price-to-earnings ratio of 50.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The business had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.1017 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties's dividend payout ratio is presently 305.00%.

Analysts Set New Price Targets

DOC has been the subject of several recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a research report on Friday, April 11th. Scotiabank cut 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 report on Friday, February 28th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Robert W. Baird cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued 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 $24.09.

About Healthpeak Properties

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.