Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,600 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Healthpeak Properties were worth $762,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DOC. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $26,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $32,000. Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $33,000. Finally, Avior Wealth Management LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $37,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Mizuho cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $19.60 on Wednesday. The firm has a fifty day moving average of $20.32 and a 200-day moving average of $21.44. The firm has a market capitalization of $13.71 billion, a P/E ratio of 55.99, a PEG ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.23%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

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.