Generali Asset Management SPA SGR Invests $2.69 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Generali Asset Management SPA SGR bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, Holdings Channel.com reports. The fund bought 132,689 shares of the real estate investment trust’s stock, valued at approximately $2,690,000.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $1,093,576,000. JPMorgan Chase & Co. raised its position in shares of Healthpeak Properties by 23.2% during 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 period. Principal Financial Group Inc. grew its holdings in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC bought a new stake in Healthpeak Properties during the third quarter worth $403,898,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 53,392 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Down 0.2 %

Shares of NYSE:DOC opened at $20.43 on Thursday. The company has a market capitalization of $14.29 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $21.20. Healthpeak Properties, Inc. has a 1 year low of $17.29 and a 1 year high of $23.26.

Healthpeak Properties Increases Dividend

The company 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 is an increase 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 dividend yield of 5.97%. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOC. Morgan Stanley upgraded 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. Scotiabank decreased their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Mizuho decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Finally, Robert W. Baird decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Four equities research 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 stock. According to data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties 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.