Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,943,465 shares of the real estate investment trust’s stock after purchasing an additional 239,972 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Healthpeak Properties were worth $52,488,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of 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 buying an additional 1,712 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Healthpeak Properties in the third quarter worth about $124,000. Stratos Wealth Partners LTD. acquired a new stake in Healthpeak Properties in the 4th quarter valued at about $134,000. Koshinski Asset Management Inc. bought a new position in shares of Healthpeak Properties during the 4th quarter valued at about $146,000. Finally, Sapient Capital LLC acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $152,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Argus raised shares of Healthpeak Properties to a “strong-buy” rating in a research note on Thursday, May 9th. Scotiabank boosted their target price on Healthpeak Properties from $22.00 to $23.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Wedbush raised Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. BNP Paribas raised shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $21.00 in a research note on Friday, April 26th. Finally, Bank of America upgraded shares of 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 report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus target price of $19.08.

Healthpeak Properties Trading Down 0.4 %

Healthpeak Properties stock opened at $19.89 on Friday. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $22.38. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. The stock has a market cap of $14.00 billion, a P/E ratio of 56.83, a P/E/G ratio of 1.98 and a beta of 1.01. The company’s fifty day simple moving average is $18.45 and its 200-day simple moving average is $14.50.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a $0.30 dividend. The ex-dividend date was Friday, May 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 6.03%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s payout ratio is 342.87%.

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.