DnB Asset Management AS Grows Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

DnB Asset Management AS boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,884 shares of the real estate investment trust’s stock after purchasing an additional 4,298 shares during the quarter. DnB Asset Management AS’s holdings in Healthpeak Properties were worth $2,957,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $1,093,576,000. JPMorgan Chase & Co. increased its position in shares of Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Healthpeak Properties by 2,113.5% in the 4th 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 in the last quarter. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $403,898,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Healthpeak Properties by 0.5% during the fourth 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 purchasing an additional 53,392 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $20.23 on Tuesday. The stock’s 50-day moving average price is $20.22 and its 200 day moving average price is $21.08. 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 stock has a market capitalization of $14.15 billion, a PE ratio of 57.79, a price-to-earnings-growth 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.03%. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DOC. Wells Fargo & Company cut their price target on 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 cut their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Robert W. Baird cut 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. Finally, StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $23.92.

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.