Freedom Investment Management Inc. Acquires 1,759 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Freedom Investment Management Inc. increased its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,624 shares of the real estate investment trust’s stock after purchasing an additional 1,759 shares during the quarter. Freedom Investment Management Inc.’s holdings in Healthpeak Properties were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DOC. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $493,115,000 after purchasing an additional 4,056,931 shares during the period. Geode Capital Management LLC grew its stake in Healthpeak Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock valued at $371,168,000 after acquiring an additional 638,012 shares during the period. Principal Financial Group Inc. increased 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 acquiring an additional 17,314,572 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Healthpeak Properties by 3.7% in the 4th quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock worth $227,339,000 after purchasing an additional 398,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Healthpeak Properties by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock valued at $205,810,000 after purchasing an additional 53,392 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $18.43 on Tuesday. The firm has a market cap of $12.89 billion, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $19.66 and its 200-day moving average is $20.65. Healthpeak Properties, Inc. has a 12-month low of $17.33 and a 12-month high of $23.26.

Healthpeak Properties Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DOC. Scotiabank dropped their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, April 14th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. Finally, Wedbush reissued an “outperform” rating and set a $24.00 target price on shares of Healthpeak Properties in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.