GW&K Investment Management LLC Has $20.44 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

GW&K Investment Management LLC reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 29.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,535,473 shares of the real estate investment trust’s stock after selling 626,085 shares during the quarter. GW&K Investment Management LLC owned approximately 0.64% of Healthpeak Properties worth $20,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Healthpeak Properties by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after buying an additional 239,972 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Healthpeak Properties by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock worth $41,018,000 after purchasing an additional 65,814 shares during the last quarter. Norges Bank acquired a new stake in Healthpeak Properties in the 4th quarter valued at approximately $34,883,000. Victory Capital Management Inc. increased its position in Healthpeak Properties by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,270,712 shares of the real estate investment trust’s stock worth $30,223,000 after buying an additional 87,506 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Healthpeak Properties by 10.1% during the third quarter. California Public Employees Retirement System now owns 1,599,447 shares of the real estate investment trust’s stock worth $19,497,000 after buying an additional 146,993 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

NYSE:DOC traded down $0.12 during mid-day trading on Wednesday, reaching $19.63. 327,569 shares of the company were exchanged, compared to its average volume of 6,773,377. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. The stock has a market cap of $13.82 billion, a PE ratio of 56.43, a PEG ratio of 2.29 and a beta of 1.01. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $22.38. The company has a fifty day moving average of $18.53 and a 200 day moving average of $14.68.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a dividend of $0.30 per share. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 6.11%. The ex-dividend date was Friday, May 3rd. Healthpeak Properties’s dividend payout ratio is 342.87%.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of research reports. Argus raised shares of Healthpeak Properties to a “strong-buy” rating in a research report on Thursday, May 9th. Wells Fargo & Company started coverage on shares of Healthpeak Properties in a research note on Monday, March 25th. They issued an “equal weight” rating and a $19.00 target price for the company. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and boosted their price target for the company from $18.00 to $25.00 in a research note on Monday, April 1st. Mizuho reiterated a “buy” rating and issued a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, April 22nd. Finally, Royal Bank of Canada boosted their price objective on Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.08.

Healthpeak Properties 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.