HUB Investment Partners LLC Boosts Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

HUB Investment Partners LLC increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 60.6% in the 4th quarter, Holdings Channel reports. The firm owned 18,773 shares of the real estate investment trust’s stock after purchasing an additional 7,087 shares during the period. HUB Investment Partners LLC’s holdings in Healthpeak Properties were worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. State Street Corp acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $1,093,576,000. Geode Capital Management LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at $403,898,000. Principal Financial Group Inc. lifted its holdings in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth $175,697,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.02 on Friday. The firm has a 50-day simple moving average of $20.24 and a two-hundred day simple moving average of $21.17. The stock has a market cap of $14.00 billion, a PE ratio of 57.19, a P/E/G ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 1-year low of $17.45 and a 1-year high of $23.26. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. This is a positive change 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 yield of 6.10%. Healthpeak Properties’s payout ratio is presently 348.57%.

Wall Street Analyst Weigh In

DOC has been the topic of several research reports. Mizuho decreased 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 Thursday, December 5th. Wells Fargo & Company lowered their target price 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. 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. Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Finally, Robert W. Baird dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Four 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.92.

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.