Employees Retirement System of Texas raised its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 376,712 shares of the real estate investment trust's stock after acquiring an additional 65,000 shares during the period. Employees Retirement System of Texas owned approximately 0.05% of Healthpeak Properties worth $7,636,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties in the fourth quarter worth approximately $28,000. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties in the fourth quarter worth $30,000. Continuum Advisory LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth $44,000. AdvisorNet Financial Inc boosted its stake in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 563 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Healthpeak Properties in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 93.57% of the company's stock.
Healthpeak Properties Stock Down 0.2 %
DOC traded down $0.03 on Friday, hitting $18.14. 8,020,180 shares of the company were exchanged, compared to its average volume of 4,905,413. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The firm has a 50-day moving average price of $19.79 and a two-hundred day moving average price of $20.82. Healthpeak Properties, Inc. has a twelve month low of $17.33 and a twelve month high of $23.26.
Healthpeak Properties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend is Monday, June 16th. Healthpeak Properties's dividend payout ratio (DPR) is 348.57%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on DOC shares. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Wedbush restated an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a report on Friday. Finally, Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.
Get Our Latest Report on Healthpeak Properties
Healthpeak Properties Company 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.
See Also
Before you consider Healthpeak Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthpeak Properties wasn't on the list.
While Healthpeak Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
