KLP Kapitalforvaltning AS Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

KLP Kapitalforvaltning AS bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 215,219 shares of the real estate investment trust’s stock, valued at approximately $4,362,000.

A number of other hedge funds have also made changes to their positions in the stock. Sfmg LLC boosted its stake in Healthpeak Properties by 5.1% during the 4th quarter. Sfmg LLC now owns 103,179 shares of the real estate investment trust’s stock valued at $2,091,000 after acquiring an additional 5,023 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Healthpeak Properties by 0.6% during the fourth quarter. American Century Companies Inc. now owns 5,372,508 shares of the real estate investment trust’s stock worth $108,901,000 after purchasing an additional 31,529 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Healthpeak Properties by 45.3% in the fourth quarter. Mizuho Securities USA LLC now owns 66,291 shares of the real estate investment trust’s stock worth $1,344,000 after purchasing an additional 20,654 shares in the last quarter. HUB Investment Partners LLC increased its holdings in Healthpeak Properties by 60.6% in the fourth quarter. HUB Investment Partners LLC now owns 18,773 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 7,087 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Healthpeak Properties by 36.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 375,986 shares of the real estate investment trust’s stock valued at $7,621,000 after buying an additional 100,570 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.16 on Wednesday. Healthpeak Properties, Inc. has a one year low of $17.51 and a one year high of $23.26. The stock’s fifty day moving average is $20.25 and its 200-day moving average is $21.14. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 57.60, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.05%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s payout ratio is 348.57%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several research reports. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Scotiabank reduced their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Mizuho cut their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.92.

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.