Wellington Management Group LLP Increases Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Wellington Management Group LLP raised its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 122.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,777 shares of the real estate investment trust's stock after purchasing an additional 85,867 shares during the quarter. Wellington Management Group LLP's holdings in Healthpeak Properties were worth $3,158,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DOC. DnB Asset Management AS lifted its holdings in Healthpeak Properties by 3.0% in the fourth quarter. DnB Asset Management AS now owns 145,884 shares of the real estate investment trust's stock valued at $2,957,000 after acquiring an additional 4,298 shares during the period. Pictet Asset Management Holding SA lifted its stake in Healthpeak Properties by 5.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,051,330 shares of the real estate investment trust's stock worth $21,310,000 after purchasing an additional 57,432 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Healthpeak Properties by 3.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140,961 shares of the real estate investment trust's stock valued at $23,127,000 after buying an additional 33,949 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Healthpeak Properties during the 4th quarter valued at approximately $2,406,000. Finally, Norges Bank purchased a new position in shares of Healthpeak Properties in the 4th quarter worth $166,804,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

DOC has been the topic of several recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a research note on Friday, April 11th. Scotiabank cut 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. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. Finally, Robert W. Baird dropped their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.83.

Healthpeak Properties Price Performance

Shares of NYSE DOC traded down $0.27 during trading on Wednesday, hitting $18.50. 2,941,384 shares of the company were exchanged, compared to its average volume of 5,053,383. 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 1 year low of $17.33 and a 1 year high of $23.26. The firm's fifty day moving average price is $19.74 and its 200 day moving average price is $20.76. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 52.86, a PEG ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.1017 per share. The ex-dividend date is Thursday, April 17th. This represents a yield of 6.5%. Healthpeak Properties's dividend payout ratio (DPR) is currently 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.