California Public Employees Retirement System cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,225,682 shares of the real estate investment trust's stock after selling 88,587 shares during the period. California Public Employees Retirement System owned about 0.18% of Healthpeak Properties worth $24,845,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $1,093,576,000. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $403,898,000. Principal Financial Group Inc. grew its position in shares of Healthpeak Properties by 2,113.5% during the fourth 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 in the last quarter. Norges Bank bought a new stake in shares of Healthpeak Properties in the fourth quarter worth $166,804,000. Finally, JPMorgan Chase & Co. raised 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 in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in 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. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Scotiabank reduced their target price 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. Robert W. Baird decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Finally, Wedbush dropped their price target on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.83.
Check Out Our Latest Research Report on DOC
Healthpeak Properties Stock Performance
Shares of DOC traded down $0.24 during midday trading on Tuesday, hitting $17.96. 9,993,220 shares of the stock traded hands, compared to its average volume of 4,879,935. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a 1-year low of $17.56 and a 1-year high of $23.26. The business's 50 day moving average price is $19.95 and its two-hundred day moving average price is $20.93. The firm has a market capitalization of $12.57 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.
Healthpeak Properties Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Monday, June 16th. Healthpeak Properties's dividend payout ratio (DPR) is 348.57%.
Healthpeak Properties Profile
(
Free Report)
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.
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