Healthpeak Properties, Inc. (NYSE:DOC) Stake Raised by AIA Group Ltd

AIA Group Ltd grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 579.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,978 shares of the real estate investment trust’s stock after purchasing an additional 74,179 shares during the period. AIA Group Ltd’s holdings in Healthpeak Properties were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DOC. Harvest Fund Management Co. Ltd acquired a new stake in shares of Healthpeak Properties during the 4th quarter valued at $30,000. Groupama Asset Managment purchased a new stake in Healthpeak Properties during the third quarter valued at about $37,000. Continuum Advisory LLC purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $44,000. AdvisorNet Financial Inc raised its stake in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 563 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in shares of Healthpeak Properties in the fourth quarter worth $45,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DOC shares. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their target price on 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. Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Wedbush decreased their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Finally, Scotiabank cut their target price 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. Four 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. According to data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Trading Up 0.2 %

Healthpeak Properties stock opened at $20.23 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50-day simple moving average of $20.22 and a 200 day simple moving average of $21.08. The stock has a market capitalization of $14.15 billion, a P/E ratio of 57.79, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

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.