Intact Investment Management Inc. Has $4.44 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Intact Investment Management Inc. lessened its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,800 shares of the real estate investment trust’s stock after selling 37,700 shares during the quarter. Intact Investment Management Inc.’s holdings in Healthpeak Properties were worth $4,435,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Healthpeak Properties in the third quarter worth approximately $1,093,576,000. JPMorgan Chase & Co. grew its position in 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 worth $493,115,000 after acquiring an additional 4,056,931 shares in the last quarter. Principal Financial Group Inc. grew its position in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC bought a new stake in Healthpeak Properties in the third quarter worth approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. grew its position in Healthpeak Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock worth $205,810,000 after acquiring an additional 53,392 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DOC shares. Scotiabank decreased their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company decreased 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 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 decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $20.45 on Friday. 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 fifty-two week low of $16.66 and a fifty-two week high of $23.26. The firm has a fifty day moving average price of $20.21 and a two-hundred day moving average price of $21.24. The company has a market cap of $14.30 billion, a PE ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.97%. Healthpeak Properties’s dividend 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.