Vestcor Inc Raises Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Vestcor Inc increased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 137.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 187,499 shares of the real estate investment trust's stock after buying an additional 108,484 shares during the period. Vestcor Inc's holdings in Healthpeak Properties were worth $3,801,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp bought a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,093,576,000. JPMorgan Chase & Co. raised its position in shares of 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 valued at $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC purchased a new position in Healthpeak Properties during the third quarter valued at $403,898,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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 acquiring an additional 53,392 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

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Healthpeak Properties Trading Down 0.2 %

Shares of DOC stock traded down $0.05 during trading hours on Tuesday, reaching $20.46. 6,138,246 shares of the stock were exchanged, compared to its average volume of 4,643,431. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12-month low of $17.05 and a 12-month high of $23.26. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 58.47, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company's 50-day moving average price is $20.22 and its 200-day moving average price is $21.21.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.96%. Healthpeak Properties's dividend payout ratio is currently 348.57%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Morgan Stanley upgraded 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 research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.