Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by abrdn plc

abrdn plc boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1,749.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 919,351 shares of the real estate investment trust’s stock after purchasing an additional 869,631 shares during the quarter. abrdn plc owned approximately 0.39% of Healthpeak Properties worth $12,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. HTLF Bank acquired a new position in Healthpeak Properties during the 4th quarter valued at approximately $436,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Healthpeak Properties by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 157,105 shares of the real estate investment trust’s stock valued at $2,091,000 after acquiring an additional 8,505 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Healthpeak Properties by 7.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 281,896 shares of the real estate investment trust’s stock valued at $3,752,000 after acquiring an additional 19,378 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Healthpeak Properties during the 4th quarter valued at $892,000. Finally, Consolidated Portfolio Review Corp bought a new stake in Healthpeak Properties during the 4th quarter valued at $662,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Bank of America raised Healthpeak Properties from an “underperform” rating to a “buy” rating and lifted their target price for the company from $18.00 to $25.00 in a research note on Monday, April 1st. Compass Point cut their target price on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Company initiated coverage on Healthpeak Properties in a research note on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Hold” and an average target price of $18.10.

Healthpeak Properties Stock Down 1.6 %

Shares of Healthpeak Properties stock opened at $18.34 on Friday. The stock’s fifty day moving average is $16.52 and its 200-day moving average is $13.69. The firm has a market capitalization of $13.01 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $22.38.

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.