New York State Common Retirement Fund Decreases Stake in Healthpeak Properties, Inc. (NYSE:DOC)

New York State Common Retirement Fund cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 343,476 shares of the real estate investment trust’s stock after selling 19,700 shares during the quarter. New York State Common Retirement Fund’s holdings in Healthpeak Properties were worth $6,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp acquired a new position in shares of Healthpeak Properties in the third quarter valued at about $1,093,576,000. Geode Capital Management LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $403,898,000. Principal Financial Group Inc. raised its position in Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $175,697,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DOC shares. Wedbush decreased their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley upgraded 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 report on Wednesday, January 15th. Finally, StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Healthpeak Properties Stock Down 1.1 %

Shares of NYSE DOC opened at $20.00 on Thursday. The stock has a market cap of $13.99 billion, a P/E ratio of 57.13, a PEG ratio of 2.17 and a beta of 1.15. The business’s fifty day simple moving average is $20.17 and its 200-day simple moving average is $21.37. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.10%. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

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.