Healthpeak Properties, Inc. $DOC Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,754,147 shares of the real estate investment trust’s stock after acquiring an additional 525,875 shares during the period. Bank of New York Mellon Corp owned 0.97% of Healthpeak Properties worth $129,342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOC. State Street Corp lifted its holdings in Healthpeak Properties by 0.9% in the 2nd quarter. State Street Corp now owns 48,602,649 shares of the real estate investment trust’s stock valued at $851,032,000 after purchasing an additional 442,481 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Healthpeak Properties by 21.5% during the second quarter. JPMorgan Chase & Co. now owns 20,024,030 shares of the real estate investment trust’s stock valued at $350,621,000 after buying an additional 3,540,367 shares during the period. Geode Capital Management LLC boosted its position in Healthpeak Properties by 1.0% during the second quarter. Geode Capital Management LLC now owns 19,071,094 shares of the real estate investment trust’s stock worth $332,625,000 after acquiring an additional 197,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Healthpeak Properties by 2.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,520,156 shares of the real estate investment trust’s stock worth $184,208,000 after acquiring an additional 282,155 shares during the period. Finally, Norges Bank acquired a new position in Healthpeak Properties in the 2nd quarter valued at $140,558,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $17.22 on Friday. The company has a market cap of $11.97 billion, a price-to-earnings ratio of -344.33, a price-to-earnings-growth ratio of 4.32 and a beta of 1.12. Healthpeak Properties, Inc. has a 12 month low of $15.71 and a 12 month high of $21.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $17.65.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 7.1%. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DOC shares. Robert W. Baird decreased their price objective on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings raised Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Jefferies Financial Group downgraded shares of Healthpeak Properties from a “buy” rating to a “hold” rating and dropped their price objective for the company from $21.00 to $17.00 in a research note on Monday, December 15th. Wells Fargo & Company increased their price objective on shares of Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Cantor Fitzgerald set a $17.00 target price on shares of Healthpeak Properties in a report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.67.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.