Zacks Investment Management Boosts Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Zacks Investment Management lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,427,638 shares of the real estate investment trust’s stock after purchasing an additional 86,501 shares during the period. Zacks Investment Management owned 0.20% of Healthpeak Properties worth $28,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOC. Wellington Management Group LLP purchased a new position in Healthpeak Properties in the 3rd quarter worth about $1,599,000. National Bank of Canada FI bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $69,000. Barclays PLC purchased a new position in shares of Healthpeak Properties in the third quarter valued at about $35,078,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,255,000. Finally, M&T Bank Corp purchased a new stake in Healthpeak Properties in the 3rd quarter worth $22,995,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOC. Scotiabank decreased their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Robert W. Baird reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley raised shares of 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. Wedbush reiterated an “outperform” rating and set a $24.00 price target on shares of Healthpeak Properties in a research report on Friday, April 11th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.83.

Healthpeak Properties Stock Up 0.3 %

NYSE DOC opened at $18.77 on Wednesday. The stock’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $20.76. 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 one year low of $17.33 and a one year high of $23.26. The firm has a market cap of $13.13 billion, a PE ratio of 53.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a yield of 6.50%. The ex-dividend date is Monday, June 16th. Healthpeak Properties’s payout ratio is 348.57%.

About Healthpeak Properties

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.