Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,014,003 shares of the real estate investment trust’s stock after buying an additional 78,606 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Healthpeak Properties were worth $32,627,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. WPG Advisers LLC increased its holdings in shares of Healthpeak Properties by 270.2% in the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,197 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Healthpeak Properties in the 2nd quarter valued at about $33,000. Wiser Advisor Group LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $38,000. AlphaQuest LLC increased its holdings in shares of Healthpeak Properties by 49.2% in the 3rd quarter. AlphaQuest LLC now owns 2,864 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 944 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Healthpeak Properties by 364.0% in the 3rd quarter. Covestor Ltd now owns 3,118 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 2,446 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.
Healthpeak Properties Trading Down 0.3%
Shares of NYSE DOC opened at $19.61 on Friday. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 61.28, a PEG ratio of 2.71 and a beta of 1.00. The business has a 50 day simple moving average of $17.02 and a 200 day simple moving average of $17.16. Healthpeak Properties, Inc. has a 52 week low of $15.70 and a 52 week high of $19.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.82 and a current ratio of 2.96.
Healthpeak Properties Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1017 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Healthpeak Properties’s payout ratio is 381.25%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on DOC shares. Evercore dropped their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley lowered their price target on Healthpeak Properties from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Citigroup lowered their price target on Healthpeak Properties from $18.00 to $17.50 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Friday, April 24th. Finally, UBS Group assumed coverage on Healthpeak Properties in a research note on Monday, April 20th. They issued a “neutral” rating and a $17.00 price target for the company. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.04.
View Our Latest Analysis on DOC
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.
Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.
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