Victory Capital Management Inc. Raises Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Victory Capital Management Inc. grew its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,270,712 shares of the real estate investment trust’s stock after acquiring an additional 87,506 shares during the quarter. Victory Capital Management Inc. owned about 0.95% of Healthpeak Properties worth $30,223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D increased its stake in shares of Healthpeak Properties by 24.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 217,420 shares of the real estate investment trust’s stock worth $2,894,000 after purchasing an additional 42,030 shares in the last quarter. Leeward Investments LLC MA bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at $13,038,000. Orion Portfolio Solutions LLC lifted its stake in shares of Healthpeak Properties by 31.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 386,844 shares of the real estate investment trust’s stock valued at $4,716,000 after buying an additional 92,966 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $741,000. Finally, Employees Retirement System of Texas boosted its holdings in Healthpeak Properties by 39.5% in the 3rd quarter. Employees Retirement System of Texas now owns 212,000 shares of the real estate investment trust’s stock worth $2,584,000 after buying an additional 60,000 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.3 %

Shares of DOC opened at $19.21 on Wednesday. The stock has a market capitalization of $13.52 billion, a PE ratio of 54.89, a P/E/G ratio of 1.87 and a beta of 1.01. The company’s fifty day moving average is $17.74 and its 200 day moving average is $14.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69. Healthpeak Properties, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $22.38.

Healthpeak Properties Increases Dividend

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

Analysts Set New Price Targets

DOC has been the topic of several research analyst reports. BNP Paribas upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $19.00 to $21.00 in a research report on Friday, April 26th. Bank of America raised Healthpeak Properties from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Mizuho reiterated a “buy” rating and set a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, April 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an “equal weight” rating and a $19.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.