Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in Healthpeak Properties, Inc. (NYSE:DOC)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 620,925 shares of the real estate investment trust’s stock after selling 217,608 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Healthpeak Properties were worth $12,586,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DOC. State Street Corp purchased a new stake in Healthpeak Properties in the third quarter worth about $1,093,576,000. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at about $403,898,000. Principal Financial Group Inc. lifted its position in shares of Healthpeak Properties by 2,113.5% during 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 last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at about $175,697,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.21 on Thursday. Healthpeak Properties, Inc. has a twelve month low of $16.66 and a twelve month high of $23.26. The company’s 50 day moving average is $20.21 and its 200 day moving average is $21.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $14.13 billion, a PE ratio of 57.73, 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. Investors of record on Friday, February 14th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 6.04%. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several analyst reports. 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 research report on Wednesday, January 15th. Mizuho decreased their price target 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 decreased their price target 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. 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 research report on Friday, February 28th. Finally, Wells Fargo & Company cut 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 report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

About Healthpeak Properties

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.