Catalyst Funds Management Pty Ltd Acquires 1,600 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Catalyst Funds Management Pty Ltd increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,112 shares of the real estate investment trust’s stock after acquiring an additional 1,600 shares during the quarter. Healthpeak Properties comprises approximately 1.0% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 20th largest holding. Catalyst Funds Management Pty Ltd’s holdings in Healthpeak Properties were worth $4,036,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Healthpeak Properties by 23.2% during the 3rd 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 period. Thrivent Financial for Lutherans bought a new position in Healthpeak Properties during the third quarter valued at about $1,880,000. Pathstone Holdings LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $1,968,000. Swedbank AB bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $1,832,000. Finally, Associated Banc Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $10,559,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Up 2.1 %

Shares of NYSE DOC opened at $20.45 on Friday. Healthpeak Properties, Inc. has a 12-month low of $16.66 and a 12-month high of $23.26. The firm’s 50-day simple moving average is $20.21 and its 200 day simple moving average is $21.24. 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 has a market cap of $14.30 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.97%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DOC. Mizuho reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Wedbush dropped their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned 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 price target of $23.92.

Healthpeak Properties 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.