Principal Financial Group Inc. boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 2,113.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,133,812 shares of the real estate investment trust's stock after purchasing an additional 17,314,572 shares during the quarter. Principal Financial Group Inc. owned approximately 2.59% of Healthpeak Properties worth $367,575,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. State Street Corp acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $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. Charles Schwab Investment Management Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $102,615,000. Hedge funds and other institutional investors own 93.57% of the company's stock.
Healthpeak Properties Stock Performance
Healthpeak Properties stock traded down $0.07 during mid-day trading on Wednesday, reaching $19.52. 1,931,036 shares of the company were exchanged, compared to its average volume of 4,700,198. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The firm's 50-day simple moving average is $20.32 and its two-hundred day simple moving average is $21.44. 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 firm has a market cap of $13.65 billion, a PE ratio of 55.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15.
Healthpeak Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a $0.305 dividend. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties's dividend payout ratio (DPR) is currently 348.58%.
Wall Street Analyst Weigh In
DOC has been the subject of several analyst reports. Wedbush lowered their price objective on 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 decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Morgan Stanley raised 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. Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Finally, StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.
Read Our Latest Stock Analysis on Healthpeak Properties
Healthpeak Properties Company Profile
(
Free Report)
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.
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