Healthpeak Properties, Inc. (NYSE:DOC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,270,712 shares of the real estate investment trust’s stock after acquiring an additional 87,506 shares during the period. Victory Capital Management Inc.’s holdings in Healthpeak Properties were worth $30,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Healthpeak Properties by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 5,657,838 shares of the real estate investment trust’s stock worth $68,969,000 after buying an additional 181,773 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Healthpeak Properties by 0.3% in the 3rd quarter. New York State Teachers Retirement System now owns 345,580 shares of the real estate investment trust’s stock worth $4,213,000 after acquiring an additional 938 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Healthpeak Properties by 2.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,600 shares of the real estate investment trust’s stock valued at $1,811,000 after purchasing an additional 4,094 shares during the last quarter. Inspire Investing LLC boosted its stake in Healthpeak Properties by 11.0% during the 3rd quarter. Inspire Investing LLC now owns 25,222 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 2,491 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,712 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOC. Wells Fargo & Company initiated coverage on Healthpeak Properties in a report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price objective for the company. BNP Paribas raised Healthpeak Properties from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Friday, April 26th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Bank of America upgraded shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and increased their target price for the company from $18.00 to $25.00 in a research report on Monday, April 1st. Finally, Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Healthpeak Properties Stock Up 1.3 %

Shares of DOC stock opened at $19.21 on Wednesday. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 1.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69. The stock’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $14.13. Healthpeak Properties, Inc. has a twelve month low of $15.24 and a twelve month high of $22.38.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a $0.30 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Friday, May 3rd. Healthpeak Properties’s dividend payout ratio (DPR) is 342.87%.

Healthpeak Properties Company 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.