Raymond James Financial Inc. Buys New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Raymond James Financial Inc. acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,112,244 shares of the real estate investment trust's stock, valued at approximately $22,545,000. Raymond James Financial Inc. owned 0.16% of Healthpeak Properties at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. State Street Corp purchased a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,093,576,000. Geode Capital Management LLC bought a new position in Healthpeak Properties during the third quarter valued at approximately $403,898,000. Principal Financial Group Inc. grew its holdings in 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 valued at $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Healthpeak Properties in the 3rd quarter worth approximately $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $175,697,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of DOC stock traded down $0.05 during trading hours on Wednesday, hitting $20.43. 2,246,416 shares of the company's stock were exchanged, compared to its average volume of 4,709,116. Healthpeak Properties, Inc. has a fifty-two week low of $17.28 and a fifty-two week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $20.23 and a two-hundred day moving average of $21.20. The firm has a market cap of $14.29 billion, a P/E ratio of 58.36, a P/E/G ratio of 2.17 and a beta of 1.14.

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Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.97%. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties's dividend payout ratio (DPR) is presently 348.57%.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of recent research reports. 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 research note on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. 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 report on Tuesday, February 11th. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.92.

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.