New Mexico Educational Retirement Board Decreases Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

New Mexico Educational Retirement Board lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,600 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Healthpeak Properties were worth $681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at approximately $32,000. Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $33,000. Finally, Avior Wealth Management LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth approximately $37,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 0.0 %

Healthpeak Properties stock opened at $19.60 on Wednesday. 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 one year low of $16.01 and a one year high of $23.26. The company has a 50-day simple moving average of $20.32 and a 200-day simple moving average of $21.44. The firm has a market capitalization of $13.71 billion, a P/E ratio of 55.99, a P/E/G ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

DOC has been the topic of several recent analyst reports. Wedbush cut their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company cut their target price 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. Robert W. Baird decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued 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 an average price target of $24.00.

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.