Prudential PLC Boosts Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Prudential PLC lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 552.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,696 shares of the real estate investment trust's stock after purchasing an additional 56,470 shares during the period. Prudential PLC's holdings in Healthpeak Properties were worth $1,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DOC. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties during the fourth quarter valued at about $30,000. Groupama Asset Managment bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $37,000. Continuum Advisory LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $44,000. AdvisorNet Financial Inc raised its holdings in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 563 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth $45,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 2.3 %

Healthpeak Properties stock traded down $0.43 during trading hours on Friday, reaching $17.75. The stock had a trading volume of 2,919,488 shares, compared to its average volume of 4,887,931. The stock has a market cap of $12.41 billion, a PE ratio of 50.74, a PEG ratio of 2.17 and a beta of 1.02. The company has a fifty day simple moving average of $19.83 and a 200-day simple moving average of $20.85. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 52 week low of $17.33 and a 52 week high of $23.26.

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Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Monday, June 16th. Healthpeak Properties's payout ratio is 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of analyst reports. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Robert W. Baird decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Wedbush reissued an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a report on Friday. Finally, Scotiabank decreased 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. Four research 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's stock. According to MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and an average price target of $23.83.

Healthpeak Properties Company 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.