Handelsbanken Fonder AB Raises Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Handelsbanken Fonder AB increased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 29.2% in the 4th quarter, Holdings Channel reports. The firm owned 658,929 shares of the real estate investment trust’s stock after buying an additional 148,755 shares during the period. Handelsbanken Fonder AB’s holdings in Healthpeak Properties were worth $13,356,000 as of its most recent filing with the SEC.

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

Healthpeak Properties Trading Down 0.1 %

Healthpeak Properties stock opened at $19.75 on Friday. The firm has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $21.39. 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 stock has a market capitalization of $13.81 billion, a PE ratio of 56.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.18%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Mizuho decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

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.