Smartleaf Asset Management LLC Acquires 1,904 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Smartleaf Asset Management LLC grew its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 34.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,385 shares of the real estate investment trust’s stock after buying an additional 1,904 shares during the period. Smartleaf Asset Management LLC’s holdings in Healthpeak Properties were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on DOC. Robert W. Baird reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Scotiabank reduced their price target 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. Mizuho lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Wedbush reduced their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Finally, Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $20.11 on Friday. The stock has a 50 day moving average price of $20.19 and a 200 day moving average price of $21.31. The firm has a market capitalization of $14.07 billion, a P/E ratio of 57.45, a P/E/G ratio of 2.17 and a beta of 1.15. 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 52-week low of $16.66 and a 52-week high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a dividend of $0.305 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s payout ratio is currently 348.57%.

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.