Teacher Retirement System of Texas Buys New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Teacher Retirement System of Texas acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,630 shares of the real estate investment trust's stock, valued at approximately $1,999,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of 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 period. Thrivent Financial for Lutherans purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $1,880,000. Swedbank AB bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $1,832,000. Citigroup Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter worth approximately $14,154,000. Finally, M&T Bank Corp purchased a new stake in shares of Healthpeak Properties in the third quarter worth approximately $22,995,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Up 0.2 %

DOC traded up $0.04 on Monday, hitting $20.23. The company had a trading volume of 6,085,392 shares, compared to its average volume of 4,861,372. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 57.79, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a fifty day moving average price of $20.22 and a 200-day moving average price of $21.08. Healthpeak Properties, Inc. has a 12-month low of $17.80 and a 12-month high of $23.26.

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Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's payout ratio is 348.57%.

Analysts Set New Price Targets

Several equities analysts have commented on DOC shares. Scotiabank cut their price objective on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research note on Wednesday, January 15th. Mizuho decreased their price objective on shares of 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 dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $23.92.

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.