Sumitomo Mitsui Trust Group Inc. Trims Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 44.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,471,651 shares of the real estate investment trust’s stock after selling 2,015,230 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Healthpeak Properties were worth $50,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings 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 valued at $493,115,000 after acquiring an additional 4,056,931 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in Healthpeak Properties in the 3rd quarter worth $1,880,000. Swedbank AB bought a new position in Healthpeak Properties in the 3rd quarter worth $1,832,000. Pathstone Holdings LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $1,968,000. Finally, Associated Banc Corp bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $10,559,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DOC shares. Mizuho decreased their price target 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 raised their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley raised 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target of $24.15.

Healthpeak Properties Stock Performance

Shares of DOC opened at $19.58 on Tuesday. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The business’s fifty day simple moving average is $20.54 and its two-hundred day simple moving average is $21.52. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 55.94, a P/E/G ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.23%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s payout ratio is presently 342.87%.

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.