Legacy Capital Group California Inc. Grows Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Legacy Capital Group California Inc. increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 54.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,577 shares of the real estate investment trust’s stock after buying an additional 8,675 shares during the period. Legacy Capital Group California Inc.’s holdings in Healthpeak Properties were worth $498,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp acquired a new position in Healthpeak Properties during the third quarter worth $1,093,576,000. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $403,898,000. Principal Financial Group Inc. lifted its stake in Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $175,697,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

DOC has been the topic of several research reports. Wedbush reduced their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Stock Up 1.5 %

Shares of NYSE DOC opened at $19.79 on Friday. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 56.53, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50-day moving average of $20.22 and a two-hundred day moving average of $21.40.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio is currently 348.58%.

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.