Norges Bank Acquires New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Norges Bank bought a new position in Healthpeak Properties, Inc. (NYSE:DOCFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,620,780 shares of the real estate investment trust’s stock, valued at approximately $34,883,000. Norges Bank owned 1.10% of Healthpeak Properties at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $70,000 after acquiring an additional 1,712 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $124,000. Quadrant Capital Group LLC increased its position in shares of Healthpeak Properties by 645.4% during the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 8,352 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Healthpeak Properties during the 4th quarter valued at about $134,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $146,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 2.4 %

Shares of DOC opened at $19.41 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 current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $13.66 billion, a PE ratio of 55.46, a price-to-earnings-growth ratio of 2.36 and a beta of 1.01. The business’s 50 day moving average is $18.83 and its 200 day moving average is $15.07.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 3rd. This represents a $1.20 annualized dividend and a dividend yield of 6.18%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.87%.

Analyst Ratings Changes

DOC has been the subject of a number of research reports. Scotiabank upped their target price on shares of Healthpeak Properties from $22.00 to $23.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Argus upgraded Healthpeak Properties to a “strong-buy” rating in a research note on Thursday, May 9th. Wedbush upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Mizuho restated a “buy” rating and issued a $22.00 price target on shares of Healthpeak Properties in a research report on Monday, April 22nd. Finally, Royal Bank of Canada raised their price objective on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.41.

Read Our Latest Report on Healthpeak Properties

Healthpeak Properties Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Healthpeak Properties (NYSE:DOC)

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