Wolverine Asset Management LLC Buys Shares of 60,000 Healthpeak Properties, Inc. (NYSE:DOC)

Wolverine Asset Management LLC bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 60,000 shares of the real estate investment trust's stock, valued at approximately $799,000.

Several other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Healthpeak Properties by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 5,657,838 shares of the real estate investment trust's stock valued at $68,969,000 after buying an additional 181,773 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Healthpeak Properties by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,703,493 shares of the real estate investment trust's stock valued at $45,146,000 after purchasing an additional 134,171 shares in the last quarter. American Century Companies Inc. increased its stake in Healthpeak Properties by 2.0% in the third quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust's stock valued at $41,018,000 after purchasing an additional 65,814 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Healthpeak Properties by 9.9% during the third quarter. Victory Capital Management Inc. now owns 2,183,206 shares of the real estate investment trust's stock worth $26,613,000 after purchasing an additional 196,861 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Healthpeak Properties by 10.1% during the 3rd quarter. California Public Employees Retirement System now owns 1,599,447 shares of the real estate investment trust's stock worth $19,497,000 after purchasing an additional 146,993 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Up 2.5 %

DOC traded up $0.46 during midday trading on Friday, hitting $18.80. The company's stock had a trading volume of 7,081,718 shares, compared to its average volume of 7,275,178. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $22.38. The firm has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $13.69. The firm has a market cap of $13.34 billion, a P/E ratio of 33.50, a PEG ratio of 1.84 and a beta of 1.02. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DOC shares. Compass Point lowered their price target on Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, January 2nd. Wells Fargo & Company initiated coverage on Healthpeak Properties in a report on Monday, March 25th. They issued an "equal weight" rating and a $19.00 target price for the company. BNP Paribas raised Healthpeak Properties from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $19.00 to $21.00 in a report on Friday. Mizuho restated a "buy" rating and issued a $22.00 price target on shares of Healthpeak Properties in a research report on Monday. Finally, StockNews.com raised Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.36.

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.