Korea Investment CORP Sells 90,500 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Korea Investment CORP lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,570 shares of the real estate investment trust’s stock after selling 90,500 shares during the quarter. Korea Investment CORP’s holdings in Healthpeak Properties were worth $6,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DOC. State Street Corp purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth about $1,093,576,000. Geode Capital Management LLC bought a new stake in Healthpeak Properties in the third quarter worth about $403,898,000. Principal Financial Group Inc. boosted its stake in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 valued at $493,115,000 after acquiring an additional 4,056,931 shares during the period. Finally, Heitman Real Estate Securities LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $69,118,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Robert W. Baird reduced 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. Finally, Wells Fargo & Company dropped their price target 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. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Price Performance

NYSE:DOC opened at $20.23 on Tuesday. Healthpeak Properties, Inc. has a 52-week low of $17.80 and a 52-week high of $23.26. The stock has a fifty day moving average of $20.22 and a 200 day moving average of $21.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 57.79, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. 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. This represents a $1.22 annualized dividend and a dividend yield of 6.03%. Healthpeak Properties’s payout ratio is presently 348.57%.

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.