Victory Capital Management Inc. Purchases 3,382 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Victory Capital Management Inc. lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 0.2% in the fourth quarter, HoldingsChannel reports. The fund owned 1,423,153 shares of the real estate investment trust’s stock after buying an additional 3,382 shares during the period. Victory Capital Management Inc.’s holdings in Healthpeak Properties were worth $28,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOC. Keybank National Association OH grew its stake in shares of Healthpeak Properties by 36.3% during the fourth quarter. Keybank National Association OH now owns 934,490 shares of the real estate investment trust’s stock worth $18,942,000 after purchasing an additional 248,992 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Healthpeak Properties by 3.9% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 797 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Healthpeak Properties by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock worth $205,810,000 after purchasing an additional 53,392 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Healthpeak Properties by 22.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,450 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 998 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Healthpeak Properties by 21.5% during the fourth quarter. Jones Financial Companies Lllp now owns 11,963 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 2,118 shares during the period. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

DOC has been the topic of several analyst reports. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Wedbush cut their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Robert W. Baird 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 Tuesday, February 11th. 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. Finally, Wells Fargo & Company cut their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Performance

Shares of DOC opened at $20.72 on Tuesday. Healthpeak Properties, Inc. has a 12 month low of $16.66 and a 12 month high of $23.26. The firm has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $21.28. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 59.19, a PEG ratio of 2.17 and a beta of 1.14. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a dividend of $0.305 per share. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 5.89%. Healthpeak Properties’s dividend payout ratio is presently 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.