Bridgewater Associates LP Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Bridgewater Associates LP purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 21,855 shares of the real estate investment trust’s stock, valued at approximately $443,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of 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 valued at $367,575,000 after purchasing an additional 17,314,572 shares during the last quarter. Norges Bank bought a new position in Healthpeak Properties in the 4th quarter valued at approximately $166,804,000. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 4,056,931 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Healthpeak Properties by 56,120.9% during the fourth quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust’s stock valued at $34,181,000 after buying an additional 1,683,066 shares during the last quarter. Finally, Barclays PLC bought a new stake in Healthpeak Properties in the 3rd quarter worth about $35,078,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Up 0.9 %

Shares of Healthpeak Properties stock opened at $18.75 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company has a fifty day moving average of $19.68 and a 200 day moving average of $20.68. The company has a market capitalization of $13.11 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.17 and a beta of 1.02. Healthpeak Properties, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $23.26.

Healthpeak Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a dividend of $0.1017 per share. This represents a yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of research analyst reports. Scotiabank reduced their price target on shares of 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. Wedbush reissued an “outperform” rating and set a $24.00 price target on shares of Healthpeak Properties in a report on Friday, April 11th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.