Louisiana State Employees Retirement System Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Louisiana State Employees Retirement System bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,600 shares of the real estate investment trust's stock, valued at approximately $906,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $33,212,000. Atomi Financial Group Inc. purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $399,000. Pensionfund Sabic acquired a new position in shares of Healthpeak Properties in the third quarter worth $2,556,000. Mirador Capital Partners LP purchased a new stake in shares of Healthpeak Properties during the third quarter worth $737,000. Finally, Sarasin & Partners LLP acquired a new stake in Healthpeak Properties during the third quarter valued at $10,425,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of research reports. Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday. Wells Fargo & Company restated an "equal weight" rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $22.86.

Healthpeak Properties Stock Performance

NYSE DOC traded up $0.31 during midday trading on Monday, hitting $21.99. The company had a trading volume of 4,247,787 shares, compared to its average volume of 5,720,997. The firm has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $20.83. Healthpeak Properties, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $23.26. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 46.79, a P/E/G ratio of 2.50 and a beta of 1.13.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend 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.