iA Global Asset Management Inc. Raises Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

iA Global Asset Management Inc. boosted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,999 shares of the real estate investment trust’s stock after purchasing an additional 10,824 shares during the quarter. iA Global Asset Management Inc.’s holdings in Healthpeak Properties were worth $872,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DOC. Natixis Advisors LLC purchased a new position in Healthpeak Properties during the third quarter worth approximately $7,359,000. Thrivent Financial for Lutherans purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $1,880,000. MAI Capital Management purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $497,000. Pathstone Holdings LLC purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $1,968,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $2,367,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC stock opened at $20.02 on Friday. The business has a fifty day moving average of $20.24 and a two-hundred day moving average of $21.17. 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 cap of $14.00 billion, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 52-week low of $17.45 and a 52-week high of $23.26.

Healthpeak Properties Increases Dividend

The firm 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 6.10%. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the topic of several research reports. Scotiabank decreased 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. Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. Robert W. Baird reduced their price objective 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. Finally, Wedbush reduced 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. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average target price of $23.92.

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.