Westpac Banking Corp Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Westpac Banking Corp purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,553 shares of the real estate investment trust’s stock, valued at approximately $2,727,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in Healthpeak Properties during the 4th quarter worth $30,000. Continuum Advisory LLC purchased a new position in shares of Healthpeak Properties during the third quarter worth about $44,000. AdvisorNet Financial Inc increased its position in shares of 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 worth $44,000 after purchasing an additional 563 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $45,000. Finally, Assetmark Inc. boosted its position in shares of Healthpeak Properties by 433.5% in the 4th quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 2,423 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 3.1 %

Shares of DOC stock opened at $19.45 on Friday. The business’s fifty day moving average price is $20.16 and its 200 day moving average price is $21.04. The firm has a market capitalization of $13.60 billion, a PE ratio of 55.56, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 1-year low of $17.80 and a 1-year high of $23.26.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of research reports. Robert W. Baird reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. 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 note on Friday, February 28th. Wedbush lowered their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Mizuho reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $23.83.

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.