Mitsubishi UFJ Trust & Banking Corp Sells 197,478 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 39.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 301,317 shares of the real estate investment trust’s stock after selling 197,478 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Healthpeak Properties were worth $6,108,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp bought a new stake in Healthpeak Properties in the 3rd quarter worth approximately $1,093,576,000. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth $403,898,000. Principal Financial Group Inc. boosted its stake in shares of Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Healthpeak Properties during the third quarter valued at $175,697,000. Finally, JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after acquiring an additional 4,056,931 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Down 0.1 %

Shares of DOC opened at $20.20 on Monday. The firm has a market cap of $14.13 billion, a P/E ratio of 57.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 1 year low of $17.80 and a 1 year high of $23.26. The company has a 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $21.09.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.04%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Wednesday, January 15th. Scotiabank reduced their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Robert W. Baird reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Four investment 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 presently has an average rating of “Moderate Buy” and a consensus target price 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.