Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,555 shares of the real estate investment trust’s stock after buying an additional 127,515 shares during the quarter. Foundry Partners LLC’s holdings in Healthpeak Properties were worth $13,754,000 as of its most recent SEC filing.

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

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $19.45 on Friday. The business’s 50 day moving average price is $20.16 and its 200 day moving average price is $21.04. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 55.56, 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 declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is currently 348.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Mizuho decreased 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 note on Thursday, December 5th. Scotiabank cut their price objective 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. Finally, Wedbush reduced their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.