Swiss National Bank raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,039,420 shares of the real estate investment trust’s stock after buying an additional 168,522 shares during the period. Swiss National Bank’s holdings in Healthpeak Properties were worth $33,508,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of DOC. Advocate Investing Services LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $26,000. WPG Advisers LLC grew its position in Healthpeak Properties by 270.2% in the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,197 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties in the second quarter worth $33,000. Clearstead Advisors LLC increased its stake in Healthpeak Properties by 166.3% in the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares during the period. Finally, Elyxium Wealth LLC bought a new stake in shares of Healthpeak Properties during the fourth quarter worth $31,000. Institutional investors own 93.57% of the company’s stock.
Healthpeak Properties Stock Performance
Shares of Healthpeak Properties stock opened at $22.08 on Friday. The firm has a market cap of $15.22 billion, a P/E ratio of 68.99, a P/E/G ratio of 3.45 and a beta of 1.02. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15. Healthpeak Properties, Inc. has a 12 month low of $15.70 and a 12 month high of $22.77. The stock’s fifty day moving average price is $20.68 and its 200-day moving average price is $18.43.
Healthpeak Properties Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be given a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s dividend payout ratio is presently 381.25%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Mizuho raised their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Evercore lowered shares of Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price objective for the company. in a report on Monday, May 11th. Royal Bank Of Canada boosted their price objective on shares of Healthpeak Properties from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Four equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of “Hold” and an average target price of $20.62.
Check Out Our Latest Stock Report on DOC
Insider Buying and Selling at Healthpeak Properties
In other news, insider Scott R. Bohn sold 10,989 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction of $213,736.05. Following the transaction, the insider directly owned 7,636 shares in the company, valued at approximately $148,520.20. This trade represents a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.
Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.
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