New York State Teachers Retirement System Buys Shares of 571,810 Healthpeak Properties, Inc. (NYSE:DOC)

New York State Teachers Retirement System acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 571,810 shares of the real estate investment trust's stock, valued at approximately $13,077,000. New York State Teachers Retirement System owned about 0.08% of Healthpeak Properties as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rise Advisors LLC bought a new position in Healthpeak Properties in the third quarter valued at about $29,000. Fortitude Family Office LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $32,000. Barrett & Company Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $33,000. Riverview Trust Co bought a new stake in Healthpeak Properties during the 3rd quarter worth approximately $35,000. Finally, UMB Bank n.a. acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $40,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DOC. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday. Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Royal Bank of Canada boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.79.

Healthpeak Properties Stock Down 2.1 %

NYSE DOC traded down $0.47 during trading hours on Friday, hitting $21.98. The company's stock had a trading volume of 5,994,861 shares, compared to its average volume of 5,129,889. The company has a market capitalization of $15.37 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 52 week low of $15.44 and a 52 week high of $23.26. The company's 50-day simple moving average is $22.30 and its two-hundred day simple moving average is $20.83.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business's revenue was up 25.9% compared to the same quarter last year. Research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.46%. Healthpeak Properties's dividend payout ratio (DPR) is currently 255.32%.

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.