State of New Jersey Common Pension Fund D Invests $10.56 Million in Healthpeak Properties, Inc. (NYSE:DOC)

State of New Jersey Common Pension Fund D bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 461,739 shares of the real estate investment trust's stock, valued at approximately $10,560,000. State of New Jersey Common Pension Fund D owned 0.07% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc bought a new stake in Healthpeak Properties in the third quarter valued at about $62,670,000. Douglas Lane & Associates LLC bought a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties during the third quarter worth $33,212,000. Asset Management One Co. Ltd. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $29,934,000. Finally, Raymond James & Associates bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $25,711,000. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on DOC. Robert W. Baird increased their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Citigroup raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. Finally, Wedbush lifted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.86.

Healthpeak Properties Stock Down 1.8 %

DOC traded down $0.42 during midday trading on Monday, hitting $22.34. The company had a trading volume of 4,101,680 shares, compared to its average volume of 5,732,313. The stock's 50 day moving average price is $22.32 and its 200 day moving average price is $20.98. Healthpeak Properties, Inc. has a 52 week low of $15.44 and a 52 week high of $23.26. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 2.54 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly 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 net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period in the previous year, the business posted $0.45 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company 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. This represents a $1.20 annualized dividend and a yield of 5.37%. The ex-dividend date is Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Healthpeak Properties 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.