Westpac Banking Corp Acquires Shares of 134,553 Healthpeak Properties, Inc. (NYSE:DOC)

Westpac Banking Corp purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 134,553 shares of the real estate investment trust's stock, valued at approximately $2,727,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $1,093,576,000. Geode Capital Management LLC purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $403,898,000. Principal Financial Group Inc. increased 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 valued at $367,575,000 after purchasing an additional 17,314,572 shares during the period. Norges Bank purchased a new position in shares of Healthpeak Properties in the fourth quarter worth about $166,804,000. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 worth $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DOC. Robert W. Baird cut their price target 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. Wells Fargo & Company cut their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Scotiabank reduced their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Wedbush lowered their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Finally, StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.

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Healthpeak Properties Price Performance

Shares of DOC stock traded up $0.64 during trading hours on Wednesday, hitting $18.63. 9,153,040 shares of the company's stock were exchanged, compared to its average volume of 4,895,016. Healthpeak Properties, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $23.26. The firm has a market cap of $13.03 billion, a P/E ratio of 53.23, a P/E/G ratio of 2.17 and a beta of 1.02. 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 $19.87 and a two-hundred day moving average of $20.88.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a yield of 6.55%. The ex-dividend date is Monday, June 16th. Healthpeak Properties's payout ratio 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.