Zurcher Kantonalbank Zurich Cantonalbank Acquires 8,505 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Healthpeak Properties, Inc. (NYSE:DOC) by 5.7% during the fourth quarter, Holdings Channel reports. The fund owned 157,105 shares of the real estate investment trust’s stock after acquiring an additional 8,505 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Healthpeak Properties were worth $2,091,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Healthpeak Properties by 42.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,712 shares during the period. Stratos Wealth Partners LTD. bought a new position in Healthpeak Properties in the fourth quarter valued at about $134,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Healthpeak Properties in the third quarter worth about $124,000. Koshinski Asset Management Inc. purchased a new stake in Healthpeak Properties in the fourth quarter worth about $146,000. Finally, Sapient Capital LLC purchased a new stake in Healthpeak Properties in the fourth quarter worth about $152,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $18.45 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $22.38. The stock has a 50-day moving average price of $16.24 and a 200 day moving average price of $13.62. The stock has a market capitalization of $13.09 billion, a P/E ratio of 32.95, a P/E/G ratio of 1.77 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of analysts have commented on DOC shares. Royal Bank of Canada upped their price target on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company started coverage on Healthpeak Properties in a research report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price target for the company. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and upped their price target for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Compass Point reduced their price target on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, January 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.10.

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.