Healthpeak Properties, Inc. (NYSE:DOC) Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,586,022 shares of the real estate investment trust’s stock after acquiring an additional 105,720 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Healthpeak Properties were worth $32,387,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Healthpeak Properties during the 4th quarter valued at about $30,000. Groupama Asset Managment acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $37,000. Continuum Advisory LLC bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $44,000. AdvisorNet Financial Inc increased its position in 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 valued at $44,000 after acquiring an additional 563 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in Healthpeak Properties during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.1 %

NYSE:DOC opened at $20.20 on Friday. The stock has a fifty day simple moving average of $20.23 and a 200 day simple moving average of $21.10. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 1-year low of $17.80 and a 1-year high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 6.04%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent analyst reports. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Mizuho dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wedbush decreased their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.