Teachers Retirement System of The State of Kentucky Acquires Shares of 54,856 Healthpeak Properties, Inc. (NYSE:DOC)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,856 shares of the real estate investment trust's stock, valued at approximately $1,255,000.

A number of other hedge funds have also recently modified their holdings of DOC. HM Payson & Co. bought a new stake in Healthpeak Properties in the third quarter worth $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties in the 3rd quarter worth about $26,000. Rise Advisors LLC purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new stake in Healthpeak Properties during the 3rd quarter valued at about $33,000. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DOC. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a report on Monday, September 9th. Citigroup lifted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Finally, Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $22.93.

Healthpeak Properties Stock Performance

Healthpeak Properties stock traded down $0.89 during trading on Wednesday, reaching $19.98. The company had a trading volume of 4,300,466 shares, compared to its average volume of 5,626,965. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 42.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm's 50-day simple moving average is $21.90 and its 200 day simple moving average is $21.40. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $700.40 million for the quarter, compared to analysts' expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 6.01%. Healthpeak Properties's payout ratio is 255.32%.

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.