Public Employees Retirement System of Ohio purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 991,387 shares of the real estate investment trust’s stock, valued at approximately $21,216,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. New York Life Investment Management LLC raised its position in Healthpeak Properties by 65.8% in the 4th quarter. New York Life Investment Management LLC now owns 156,086 shares of the real estate investment trust’s stock valued at $2,510,000 after purchasing an additional 61,952 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Healthpeak Properties by 176.0% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 320,040 shares of the real estate investment trust’s stock valued at $5,146,000 after acquiring an additional 204,100 shares in the last quarter. Swedbank AB raised its holdings in Healthpeak Properties by 433.4% in the fourth quarter. Swedbank AB now owns 849,215 shares of the real estate investment trust’s stock valued at $13,655,000 after acquiring an additional 690,000 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth $2,654,000. Finally, JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 8.6% during the 4th quarter. JPMorgan Chase & Co. now owns 30,674,812 shares of the real estate investment trust’s stock worth $493,251,000 after buying an additional 2,438,278 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.
Healthpeak Properties Trading Down 1.2%
NYSE DOC opened at $20.96 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $14.45 billion, a P/E ratio of 59.89, a P/E/G ratio of 2.29 and a beta of 1.01. Healthpeak Properties, Inc. has a 52-week low of $15.70 and a 52-week high of $22.95. The firm has a 50-day moving average price of $21.54 and a 200 day moving average price of $19.18.
Healthpeak Properties Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. Healthpeak Properties’s dividend payout ratio is 348.57%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DOC. UBS Group upped their target price on shares of Healthpeak Properties from $19.00 to $21.50 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded Healthpeak Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Scotiabank boosted their target price on Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Evercore cut Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price target for the company. in a research note on Monday, May 11th. Finally, BMO Capital Markets increased their price target on Healthpeak Properties from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.66.
Get Our Latest Analysis on Healthpeak Properties
About Healthpeak Properties
Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.
Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.
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