National Bank of Canada FI Purchases 1,683,066 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

National Bank of Canada FI increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 56,120.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,686,065 shares of the real estate investment trust’s stock after buying an additional 1,683,066 shares during the period. National Bank of Canada FI’s holdings in Healthpeak Properties were worth $34,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp bought a new position in shares of Healthpeak Properties in the 3rd quarter worth about $1,093,576,000. JPMorgan Chase & Co. increased its holdings in Healthpeak Properties by 23.2% in 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 purchasing an additional 4,056,931 shares in the last quarter. Principal Financial Group Inc. lifted 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 buying an additional 17,314,572 shares during the period. Geode Capital Management LLC acquired a new position in Healthpeak Properties in the third quarter valued at approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock worth $205,810,000 after buying an additional 53,392 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 0.2 %

Shares of Healthpeak Properties stock opened at $20.07 on Thursday. The firm has a market cap of $14.04 billion, a PE ratio of 57.34, a P/E/G ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 1 year low of $17.80 and a 1 year high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a fifty day moving average price of $20.18 and a 200-day moving average price of $21.05.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. This is a positive change 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 6.08%. Healthpeak Properties’s payout ratio is currently 348.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price 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. Scotiabank cut their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Finally, Wedbush decreased their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average target price of $23.83.

About Healthpeak Properties

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.