William Blair Investment Management LLC Raises Stake in Healthpeak Properties, Inc. (NYSE:DOC)

William Blair Investment Management LLC raised its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,030 shares of the real estate investment trust’s stock after purchasing an additional 2,027 shares during the quarter. William Blair Investment Management LLC’s holdings in Healthpeak Properties were worth $467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its position in Healthpeak Properties by 5.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 42,529 shares of the real estate investment trust’s stock valued at $862,000 after acquiring an additional 2,140 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of Healthpeak Properties by 7.1% in the 4th quarter. Frank Rimerman Advisors LLC now owns 29,445 shares of the real estate investment trust’s stock valued at $597,000 after purchasing an additional 1,950 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its holdings in shares of Healthpeak Properties by 0.8% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 199,112 shares of the real estate investment trust’s stock valued at $4,036,000 after purchasing an additional 1,600 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Healthpeak Properties by 2.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 476,602 shares of the real estate investment trust’s stock worth $9,661,000 after purchasing an additional 12,727 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in shares of Healthpeak Properties by 34.7% during the fourth quarter. Achmea Investment Management B.V. now owns 431,323 shares of the real estate investment trust’s stock worth $8,743,000 after purchasing an additional 111,034 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $20.43 on Thursday. The firm 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. Healthpeak Properties, Inc. has a 52 week low of $17.29 and a 52 week high of $23.26. The firm’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $21.20. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a $0.305 dividend. 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 dividend payout ratio is 348.57%.

Wall Street Analyst Weigh In

DOC has been the topic of several recent research reports. Wedbush dropped 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 note on Friday, February 14th. Robert W. Baird dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

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.