Pictet Asset Management Holding SA Buys 57,432 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Pictet Asset Management Holding SA raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,051,330 shares of the real estate investment trust’s stock after buying an additional 57,432 shares during the quarter. Pictet Asset Management Holding SA owned about 0.15% of Healthpeak Properties worth $21,310,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Healthpeak Properties by 23.2% during 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 in the last quarter. M&T Bank Corp purchased a new position in shares of Healthpeak Properties in the third quarter worth $22,995,000. HighTower Advisors LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at $4,141,000. Diamant Asset Management Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $564,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Healthpeak Properties in the 3rd quarter worth about $29,226,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Trading Up 0.2 %

Shares of NYSE:DOC opened at $20.23 on Tuesday. The stock has a 50 day moving average of $20.22 and a 200 day moving average of $21.08. The company has a market cap of $14.15 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a 12-month low of $17.80 and a 12-month high of $23.26. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.03%. Healthpeak Properties’s dividend payout ratio is 348.57%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DOC shares. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Robert W. Baird dropped 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. Wells Fargo & Company cut their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Scotiabank lowered their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Finally, Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus price target 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.