Headlands Technologies LLC Purchases 1,328 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Headlands Technologies LLC lifted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,302 shares of the real estate investment trust’s stock after buying an additional 1,328 shares during the period. Headlands Technologies LLC’s holdings in Healthpeak Properties were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DOC. JPMorgan Chase & Co. raised its holdings in shares of Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. M&T Bank Corp purchased a new stake in Healthpeak Properties during the third quarter worth $22,995,000. HighTower Advisors LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $4,141,000. Diamant Asset Management Inc. purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $564,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Healthpeak Properties during the third quarter valued at about $29,226,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOC has been the subject of several analyst reports. Scotiabank decreased their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Wedbush lowered their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Finally, Robert W. Baird dropped their price target on 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 analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $23.83.

Healthpeak Properties Price Performance

NYSE:DOC opened at $18.42 on Friday. The firm’s fifty day moving average is $20.11 and its two-hundred day moving average is $21.01. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 52.63, a PEG 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. 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 announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. This is an increase 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 is presently 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.