Geode Capital Management LLC Boosts Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Geode Capital Management LLC raised its position in Healthpeak Properties, Inc. (NYSE:DOC) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,355,772 shares of the real estate investment trust’s stock after purchasing an additional 638,012 shares during the quarter. Geode Capital Management LLC owned 2.62% of Healthpeak Properties worth $371,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc lifted its position in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 563 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 598 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Healthpeak Properties by 4.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 700 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in Healthpeak Properties by 3.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 797 shares in the last quarter. Finally, Mirador Capital Partners LP raised its position in Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 901 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

DOC stock opened at $18.42 on Friday. The firm has a market cap of $12.89 billion, a P/E ratio of 52.63, a P/E/G ratio of 2.17 and a beta of 1.14. The stock’s 50 day simple moving average is $20.11 and its 200 day simple moving average is $21.02. 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, Inc. has a 12-month low of $17.80 and a 12-month high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a $0.305 dividend. This is an increase 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 6.62%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DOC shares. Wells Fargo & Company lowered their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Wedbush lowered their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. Robert W. Baird lowered their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.