Generali Asset Management SPA SGR Buys Shares of 132,689 Healthpeak Properties, Inc. (NYSE:DOC)

Generali Asset Management SPA SGR bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 132,689 shares of the real estate investment trust’s stock, valued at approximately $2,690,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Healthpeak Properties during the third quarter worth about $1,880,000. Pathstone Holdings LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth about $1,968,000. Swedbank AB bought a new stake in shares of Healthpeak Properties during the third quarter worth about $1,832,000. Finally, Associated Banc Corp bought a new stake in shares of Healthpeak Properties during the third quarter worth about $10,559,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.43 on Thursday. Healthpeak Properties, Inc. has a 52-week low of $17.29 and a 52-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 business’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $21.20. The firm has a market cap of $14.29 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

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 paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 5.97%. Healthpeak Properties’s payout ratio is 348.57%.

Wall Street Analyst Weigh In

DOC has been the topic of several research reports. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Scotiabank cut their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Mizuho cut 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 Thursday, December 5th. Finally, Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.92.

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.