CIBC Asset Management Inc Has $2.08 Million Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

CIBC Asset Management Inc raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,460 shares of the real estate investment trust’s stock after purchasing an additional 4,030 shares during the period. CIBC Asset Management Inc’s holdings in Healthpeak Properties were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. bought a new stake in shares of Healthpeak Properties during the third quarter worth approximately $25,000. S.A. Mason LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth $26,000. Fortitude Family Office LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $32,000. Barrett & Company Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $33,000. Finally, Avior Wealth Management LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $37,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.1 %

DOC opened at $19.75 on Friday. The stock has a market capitalization of $13.81 billion, a P/E ratio of 56.42, a P/E/G ratio of 2.14 and a beta of 1.15. 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 $16.01 and a 12 month high of $23.26. The firm’s fifty day simple moving average is $20.20 and its 200 day simple moving average is $21.39.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.18%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s payout ratio is 348.58%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Wedbush decreased their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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.