Sumitomo Mitsui Trust Holdings Inc. Has $3.75 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 7.4% during the 4th quarter, HoldingsChannel reports. The fund owned 281,896 shares of the real estate investment trust’s stock after purchasing an additional 19,378 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Healthpeak Properties were worth $3,752,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Healthpeak Properties by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,657,838 shares of the real estate investment trust’s stock valued at $68,969,000 after acquiring an additional 181,773 shares in the last quarter. Boston Trust Walden Corp raised its position in Healthpeak Properties by 4.0% during the 3rd quarter. Boston Trust Walden Corp now owns 4,714,899 shares of the real estate investment trust’s stock worth $57,475,000 after purchasing an additional 179,512 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Healthpeak Properties by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,703,493 shares of the real estate investment trust’s stock worth $45,146,000 after purchasing an additional 134,171 shares during the last quarter. American Century Companies Inc. raised its position in Healthpeak Properties by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock worth $41,018,000 after purchasing an additional 65,814 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Healthpeak Properties by 9.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,183,206 shares of the real estate investment trust’s stock worth $26,613,000 after purchasing an additional 196,861 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Bank of America raised Healthpeak Properties from an “underperform” rating to a “buy” rating and raised their target price for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Mizuho reissued a “buy” rating and issued a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday. KeyCorp reissued a “sector weight” rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Finally, Wells Fargo & Company initiated coverage on Healthpeak Properties in a research report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.10.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $18.45 on Wednesday. Healthpeak Properties, Inc. has a one year low of $15.24 and a one year high of $22.38. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.77 and a beta of 1.02. The business has a 50-day simple moving average of $16.24 and a 200 day simple moving average of $13.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67.

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.