Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,606 shares of the real estate investment trust’s stock after acquiring an additional 3,279 shares during the period. HighPoint Advisor Group LLC’s holdings in Healthpeak Properties were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State Street Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $1,093,576,000. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 4,056,931 shares in the last quarter. Principal Financial Group Inc. grew its position in Healthpeak Properties by 2,113.5% during 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 buying an additional 17,314,572 shares during the period. Geode Capital Management LLC purchased a new position in Healthpeak Properties in the third quarter valued at $403,898,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock worth $205,810,000 after acquiring an additional 53,392 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. 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 research note on Tuesday, February 11th. Wedbush reduced their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Scotiabank reduced their price objective 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. Finally, Wells Fargo & Company dropped their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Trading Up 0.2 %

Shares of Healthpeak Properties stock opened at $20.07 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $20.18 and its 200-day simple moving average is $21.05. The stock has a market cap of $14.04 billion, a P/E ratio of 57.34, a P/E/G ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 1-year low of $17.80 and a 1-year high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.08%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is 348.57%.

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.