Healthpeak Properties, Inc. (NYSE:DOC) Position Lowered by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,535,473 shares of the real estate investment trust's stock after selling 626,085 shares during the quarter. GW&K Investment Management LLC owned approximately 0.64% of Healthpeak Properties worth $20,437,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DOC. Allspring Global Investments Holdings LLC grew its position in shares of Healthpeak Properties by 42.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 1,712 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Healthpeak Properties by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 76,100 shares of the real estate investment trust's stock worth $928,000 after purchasing an additional 2,912 shares in the last quarter. California Public Employees Retirement System grew its holdings 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 valued at $19,497,000 after buying an additional 146,993 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Healthpeak Properties by 0.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 261,810 shares of the real estate investment trust's stock valued at $3,191,000 after buying an additional 1,800 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Healthpeak Properties by 9.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,183,206 shares of the real estate investment trust's stock valued at $26,613,000 after buying an additional 196,861 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Down 1.2 %

DOC stock traded down $0.23 on Wednesday, hitting $19.52. 2,995,230 shares of the company's stock were exchanged, compared to its average volume of 6,800,954. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a 50 day moving average price of $18.58 and a two-hundred day moving average price of $14.73. The stock has a market cap of $13.74 billion, a P/E ratio of 55.77, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $22.38.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.15%. The ex-dividend date was Friday, May 3rd. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.23. Healthpeak Properties's payout ratio is presently 342.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DOC shares. Royal Bank of Canada lifted their target price on Healthpeak Properties from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Healthpeak Properties from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, May 16th. Bank of America upgraded Healthpeak Properties from an "underperform" rating to a "buy" rating and lifted their price target for the company from $18.00 to $25.00 in a report on Monday, April 1st. Wedbush upgraded Healthpeak Properties from a "neutral" rating to an "outperform" rating in a report on Friday, May 3rd. Finally, Argus upgraded Healthpeak Properties to a "strong-buy" rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.08.

Healthpeak Properties 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.