Lightrock Netherlands B.V. Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Lightrock Netherlands B.V. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 279,283 shares of the real estate investment trust’s stock, valued at approximately $5,689,000. Healthpeak Properties accounts for approximately 2.0% of Lightrock Netherlands B.V.’s holdings, making the stock its 25th largest position.

A number of other institutional investors have also modified their holdings of DOC. HM Payson & Co. bought a new position in Healthpeak Properties in the third quarter worth approximately $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $26,000. Rise Advisors LLC bought a new position in shares of Healthpeak Properties during the 3rd quarter worth $29,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the third quarter valued at about $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $19.58 on Tuesday. The firm has a market capitalization of $13.70 billion, a P/E ratio of 55.94, a PEG ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average price of $20.54 and a 200 day moving average price of $21.52.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.23%. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s payout ratio is presently 342.87%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DOC shares. Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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. Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average target price of $24.15.

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.