State of Alaska Department of Revenue Has $8.45 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

State of Alaska Department of Revenue trimmed its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 416,780 shares of the real estate investment trust's stock after selling 58,258 shares during the period. State of Alaska Department of Revenue owned 0.06% of Healthpeak Properties worth $8,447,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $1,093,576,000. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $175,697,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock traded down $0.17 during trading on Monday, reaching $19.70. 3,024,101 shares of the company's stock were exchanged, compared to its average volume of 4,721,402. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The company has a market cap of $13.78 billion, a P/E ratio of 56.22, a PEG ratio of 2.18 and a beta of 1.15. The firm's 50-day moving average price is $20.54 and its 200 day moving average price is $21.52.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.305 per share. The ex-dividend date is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.19%. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's payout ratio is 342.87%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped 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. Finally, StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.15.

Healthpeak Properties Company Profile

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.