Norges Bank Takes $166.80 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Norges Bank purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, HoldingsChannel reports. The fund purchased 8,229,093 shares of the real estate investment trust’s stock, valued at approximately $166,804,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its position in shares of Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 598 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Healthpeak Properties by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 700 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Healthpeak Properties by 3.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 797 shares during the last quarter. Finally, Mirador Capital Partners LP grew its position in shares of Healthpeak Properties by 2.8% in the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 901 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOC shares. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Mizuho decreased their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company decreased their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, Robert W. Baird dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, ten have assigned 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 an average price target of $23.92.

Healthpeak Properties Trading Up 0.2 %

NYSE:DOC opened at $20.23 on Tuesday. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a 1 year low of $17.80 and a 1 year high of $23.26. The business has a fifty day moving average of $20.22 and a 200-day moving average of $21.08.

Healthpeak Properties Increases Dividend

The business also recently announced 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. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.03%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 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.