Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd trimmed its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,381 shares of the real estate investment trust’s stock after selling 3,908 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Healthpeak Properties were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

DOC has been the subject of several recent analyst reports. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of 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. Mizuho dropped 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. Finally, Wedbush dropped 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. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Down 0.2 %

Shares of NYSE:DOC opened at $20.43 on Thursday. The company has a market capitalization of $14.29 billion, a PE ratio of 58.36, a P/E/G ratio of 2.17 and a beta of 1.14. 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 twelve month low of $17.29 and a twelve month high of $23.26. The firm has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $21.20.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. 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 payout ratio is currently 348.57%.

Healthpeak Properties Company 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.