Covestor Ltd Has $37,000 Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Covestor Ltd increased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 173.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,815 shares of the real estate investment trust’s stock after purchasing an additional 1,152 shares during the quarter. Covestor Ltd’s holdings in Healthpeak Properties were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in 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 valued at $367,575,000 after buying an additional 17,314,572 shares during the period. Norges Bank acquired a new stake in shares of Healthpeak Properties in the 4th quarter valued at approximately $166,804,000. JPMorgan Chase & Co. boosted its stake in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. National Bank of Canada FI grew its holdings in Healthpeak Properties by 56,120.9% during the fourth quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust’s stock valued at $34,181,000 after purchasing an additional 1,683,066 shares during the period. Finally, Barclays PLC bought a new stake in Healthpeak Properties in the third quarter valued at approximately $35,078,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.77 on Wednesday. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 2.17 and a beta of 1.02. Healthpeak Properties, Inc. has a 12 month low of $17.33 and a 12 month high of $23.26. The firm has a fifty day simple moving average of $19.74 and a 200 day simple moving average of $20.76. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.50%. Healthpeak Properties’s dividend payout ratio is 348.57%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DOC. Scotiabank decreased their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Wedbush reissued an “outperform” rating and issued a $24.00 target price on shares of Healthpeak Properties in a research note on Friday, April 11th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday. Robert W. Baird 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 Tuesday, February 11th. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.83.

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.