Resona Asset Management Co. Ltd. Buys New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Resona Asset Management Co. Ltd. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 394,461 shares of the real estate investment trust's stock, valued at approximately $7,942,000. Resona Asset Management Co. Ltd. owned approximately 0.06% of Healthpeak Properties at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DOC. JPMorgan Chase & Co. lifted its stake in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Healthpeak Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock worth $371,168,000 after buying an additional 638,012 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Healthpeak Properties by 2,113.5% in 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. Centersquare Investment Management LLC boosted its holdings in shares of Healthpeak Properties by 3.7% in the 4th quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock valued at $227,339,000 after buying an additional 398,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Healthpeak Properties by 0.5% in 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 buying an additional 53,392 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

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Analyst Ratings Changes

Several analysts recently commented on the stock. Scotiabank reduced their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Wedbush restated an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a research report on Friday. Robert W. Baird decreased their price objective 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. Finally, 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 report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.83.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded down $0.03 during trading on Friday, hitting $18.14. 8,020,180 shares of the stock were exchanged, compared to its average volume of 4,901,520. The company has a market cap of $12.69 billion, a PE ratio of 51.83, a P/E/G ratio of 2.17 and a beta of 1.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average price of $19.79 and a two-hundred day moving average price of $20.81. Healthpeak Properties, Inc. has a 12-month low of $17.33 and a 12-month high of $23.26.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.73%. The ex-dividend date is Monday, June 16th. Healthpeak Properties's dividend payout ratio (DPR) is 348.57%.

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.