Healthpeak Properties, Inc. (NYSE:DOC) Stake Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,002 shares of the real estate investment trust’s stock after buying an additional 797 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Healthpeak Properties were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Avior Wealth Management LLC bought a new stake in Healthpeak Properties during the third quarter valued at $37,000. Groupama Asset Managment bought a new stake in Healthpeak Properties during the third quarter valued at $37,000. Capital Performance Advisors LLP bought a new stake in Healthpeak Properties during the third quarter valued at $42,000. Wiser Advisor Group LLC bought a new stake in Healthpeak Properties during the third quarter valued at $42,000. Finally, Continuum Advisory LLC bought a new stake in Healthpeak Properties during the third quarter valued at $44,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DOC. Scotiabank lowered their target price 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. Mizuho lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Robert W. Baird lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.45 on Thursday. Healthpeak Properties, Inc. has a 12 month low of $16.66 and a 12 month high of $23.26. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 58.42, a PEG ratio of 2.17 and a beta of 1.15. The stock’s 50 day moving average price is $20.19 and its 200 day moving average price is $21.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

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

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.