Bridgewater Associates LP Buys Shares of 21,855 Healthpeak Properties, Inc. (NYSE:DOC)

Bridgewater Associates LP purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,855 shares of the real estate investment trust's stock, valued at approximately $443,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. Diamant Asset Management Inc. purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth $564,000. Vert Asset Management LLC grew its stake in Healthpeak Properties by 11.1% during the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock worth $6,167,000 after buying an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock valued at $2,213,000 after buying an additional 22,300 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Healthpeak Properties by 16.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock worth $2,217,000 after acquiring an additional 15,753 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Scotiabank decreased their target price on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and set a $24.00 price target on shares of Healthpeak Properties in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.83.

Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.93 during mid-day trading on Friday, reaching $17.89. The stock had a trading volume of 4,819,977 shares, compared to its average volume of 4,897,706. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 2.17 and a beta of 1.02. The business's fifty day moving average is $19.60 and its 200-day moving average is $20.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 1-year low of $17.33 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. On average, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a dividend of $0.1017 per share. This represents a yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties's payout ratio is 348.57%.

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.