Nomura Asset Management Co. Ltd. Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Nomura Asset Management Co. Ltd. boosted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,140,961 shares of the real estate investment trust’s stock after purchasing an additional 33,949 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Healthpeak Properties were worth $23,127,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties during the 4th quarter valued at $30,000. Groupama Asset Managment purchased a new stake in Healthpeak Properties in the third quarter valued at about $37,000. Continuum Advisory LLC acquired a new stake in Healthpeak Properties in the third quarter worth about $44,000. AdvisorNet Financial Inc grew its stake in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at approximately $45,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Trading Down 0.1 %

Shares of Healthpeak Properties stock opened at $20.20 on Friday. Healthpeak Properties, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.26. 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 company has a market cap of $14.13 billion, a P/E ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The firm has a 50-day simple moving average of $20.23 and a two-hundred day simple moving average of $21.10.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a dividend of $0.305 per share. The ex-dividend date was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.04%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Robert W. Baird lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

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.