Arete Wealth Advisors LLC Increases Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Arete Wealth Advisors LLC grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 24.9% in the fourth quarter, HoldingsChannel reports. The firm owned 25,029 shares of the real estate investment trust’s stock after buying an additional 4,986 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Healthpeak Properties were worth $506,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp bought a new position in Healthpeak Properties during the third quarter valued at approximately $1,093,576,000. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $403,898,000. Principal Financial Group Inc. boosted its position in shares of Healthpeak Properties by 2,113.5% during 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 acquiring an additional 17,314,572 shares during the last quarter. Norges Bank purchased a new position in shares of Healthpeak Properties in the fourth quarter valued at $166,804,000. Finally, JPMorgan Chase & Co. increased 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 purchasing an additional 4,056,931 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DOC shares. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Wells Fargo & Company decreased their price objective 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. Wedbush dropped their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Scotiabank decreased their price target on 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Stock Down 5.3 %

Shares of NYSE DOC opened at $18.42 on Friday. Healthpeak Properties, Inc. has a 52-week low of $17.80 and a 52-week high of $23.26. 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 moving average price of $20.11 and a 200 day moving average price of $21.01. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.17 and a beta of 1.14.

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 issued a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. 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 dividend yield of 6.62%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 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.