Northwestern Mutual Wealth Management Co. raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 52.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,167 shares of the real estate investment trust’s stock after buying an additional 27,639 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Healthpeak Properties were worth $1,716,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DOC. Bank of America Corp DE acquired a new position in shares of Healthpeak Properties during the second quarter valued at approximately $234,600,000. Norges Bank acquired a new stake in Healthpeak Properties in the fourth quarter worth approximately $153,550,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Healthpeak Properties by 694.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,016,692 shares of the real estate investment trust’s stock worth $153,520,000 after purchasing an additional 7,007,777 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Healthpeak Properties by 20,832.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,217,474 shares of the real estate investment trust’s stock valued at $133,054,000 after purchasing an additional 6,187,772 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Healthpeak Properties by 60.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock valued at $253,949,000 after purchasing an additional 5,815,189 shares during the period. 93.57% of the stock is currently owned by institutional investors.
Healthpeak Properties Price Performance
DOC stock opened at $20.65 on Friday. Healthpeak Properties, Inc. has a one year low of $15.70 and a one year high of $22.95. The firm has a 50-day moving average of $21.55 and a two-hundred day moving average of $19.33. The firm has a market capitalization of $14.24 billion, a PE ratio of 59.00, a P/E/G ratio of 2.59 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06.
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 issued a dividend of $0.1017 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. Healthpeak Properties’s payout ratio is currently 348.57%.
Analysts Set New Price Targets
A number of analysts have recently commented on DOC shares. Wells Fargo & Company boosted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Cantor Fitzgerald lifted their target price on Healthpeak Properties from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Scotiabank boosted their price target on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 27th. BMO Capital Markets upped their price target on shares of Healthpeak Properties from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Mizuho raised their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.72.
Read Our Latest Stock Analysis on Healthpeak Properties
Healthpeak Properties 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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