Kentucky Trust Co Takes $751,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Kentucky Trust Co purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 37,060 shares of the real estate investment trust’s stock, valued at approximately $751,000.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp purchased a new position in Healthpeak Properties in the third quarter worth $1,093,576,000. JPMorgan Chase & Co. grew its position 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 worth $493,115,000 after acquiring an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC purchased a new position in Healthpeak Properties in the third quarter worth $403,898,000. Charles Schwab Investment Management Inc. purchased a new position in Healthpeak Properties in the third quarter worth $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties in the third quarter worth $175,697,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOC has been the subject of several research reports. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Mizuho lowered their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Robert W. Baird lowered their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.08.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $19.60 on Wednesday. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 55.99, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The company has a 50-day moving average price of $20.50 and a 200-day moving average price of $21.51. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be paid a $0.305 dividend. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

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.