Healthpeak Properties, Inc. (NYSE:DOC) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,355,772 shares of the real estate investment trust’s stock after purchasing an additional 638,012 shares during the quarter. Geode Capital Management LLC’s holdings in Healthpeak Properties were worth $371,168,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its holdings in shares of Healthpeak Properties by 56,120.9% during the fourth quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust’s stock valued at $34,181,000 after acquiring an additional 1,683,066 shares during the period. HighPoint Advisor Group LLC boosted its stake in Healthpeak Properties by 12.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 30,606 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 3,279 shares during the period. AIA Group Ltd grew its position in Healthpeak Properties by 579.6% in the 4th quarter. AIA Group Ltd now owns 86,978 shares of the real estate investment trust’s stock worth $1,763,000 after purchasing an additional 74,179 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Healthpeak Properties by 122.8% in the fourth quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust’s stock valued at $3,158,000 after purchasing an additional 85,867 shares during the period. Finally, DnB Asset Management AS increased its stake in shares of Healthpeak Properties by 3.0% in the fourth quarter. DnB Asset Management AS now owns 145,884 shares of the real estate investment trust’s stock valued at $2,957,000 after purchasing an additional 4,298 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $18.42 on Friday. The company has a market capitalization of $12.89 billion, a PE ratio of 52.63, 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 quick ratio of 1.35 and a current ratio of 1.35. The stock has a fifty day moving average of $20.11 and a 200-day moving average of $21.02. Healthpeak Properties, Inc. has a one year low of $17.80 and a one year high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. 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 348.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DOC shares. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. 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 research note on Friday, February 28th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Wedbush decreased their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.83.

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.