Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 44.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,471,651 shares of the real estate investment trust's stock after selling 2,015,230 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.35% of Healthpeak Properties worth $50,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DOC. State Street Corp acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $1,093,576,000. JPMorgan Chase & Co. boosted its holdings in Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC acquired a new position in Healthpeak Properties in the third quarter valued at $403,898,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Healthpeak Properties during the third quarter worth about $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 in the third quarter worth about $175,697,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on DOC shares. Wedbush cut their price target on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Tuesday. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Finally, Morgan Stanley upgraded shares of 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 given 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 an average price target of $24.00.

Healthpeak Properties Price Performance

NYSE:DOC traded down $0.39 during trading hours on Friday, hitting $19.57. 4,495,661 shares of the stock traded hands, compared to its average volume of 4,839,062. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 55.92, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The stock has a 50 day moving average price of $20.36 and a 200 day moving average price of $21.46.

Healthpeak Properties Increases Dividend

The business 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. The ex-dividend date is Friday, February 14th. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.23%. Healthpeak Properties's dividend payout ratio is presently 348.57%.

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.