Swiss National Bank Sells 113,400 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Swiss National Bank lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,975,516 shares of the real estate investment trust’s stock after selling 113,400 shares during the quarter. Swiss National Bank’s holdings in Healthpeak Properties were worth $40,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake 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 worth $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Healthpeak Properties during the third quarter worth $1,880,000. Pathstone Holdings LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth $1,968,000. Swedbank AB bought a new stake in shares of Healthpeak Properties during the third quarter worth $1,832,000. Finally, Associated Banc Corp bought a new stake in shares of Healthpeak Properties during the third quarter worth $10,559,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $20.45 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1-year low of $17.05 and a 1-year high of $23.26. The firm has a market capitalization of $14.30 billion, a P/E ratio of 58.42, a P/E/G ratio of 2.17 and a beta of 1.14. The firm’s 50-day moving average price is $20.21 and its 200-day moving average price is $21.23.

Healthpeak Properties Increases Dividend

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

Analyst Upgrades and Downgrades

DOC has been the topic of several analyst reports. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Mizuho reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Wedbush reduced their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company reduced 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 note on Tuesday, December 10th. Finally, Robert W. Baird dropped their target price 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. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.