Healthpeak Properties, Inc. (NYSE:DOC) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,445 shares of the real estate investment trust’s stock after purchasing an additional 1,950 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Healthpeak Properties were worth $597,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp acquired a new position in Healthpeak Properties during the third quarter worth $1,093,576,000. JPMorgan Chase & Co. raised its holdings in Healthpeak Properties by 23.2% during 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 purchasing an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. increased its position in Healthpeak Properties by 2,113.5% during 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 buying an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC purchased a new position in Healthpeak Properties during the third quarter worth $403,898,000. Finally, Charles Schwab Investment Management Inc. increased its position in Healthpeak Properties by 0.5% during 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 buying an additional 53,392 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on DOC. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price target on 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. Scotiabank dropped their price target on 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. 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 research report on Wednesday, January 15th. Finally, Robert W. Baird dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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 Monday. Healthpeak Properties, Inc. has a twelve month low of $17.05 and a twelve month high of $23.26. The stock has a market capitalization of $14.30 billion, a P/E ratio of 58.42, a PEG ratio of 2.17 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average price is $20.21 and its 200 day moving average price is $21.23.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a $0.305 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 5.97%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is presently 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.