VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 179,283 shares of the real estate investment trust’s stock, valued at approximately $3,837,000.
Other large investors have also modified their holdings of the company. Clearstead Trust LLC boosted its position in shares of Healthpeak Properties by 66.7% in the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 543 shares during the period. Advocate Investing Services LLC acquired a new stake in Healthpeak Properties during the 4th quarter valued at $26,000. Markowski Investments purchased a new stake in shares of Healthpeak Properties in the second quarter valued at $38,000. CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties in the 2nd quarter worth about $33,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Healthpeak Properties by 166.3% during the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares during the period. 93.57% of the stock is owned by institutional investors.
Healthpeak Properties Trading Down 0.5%
Shares of NYSE:DOC opened at $20.41 on Thursday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $14.07 billion, a PE ratio of 58.32, a P/E/G ratio of 2.53 and a beta of 1.01. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $22.95. The firm has a fifty day moving average price of $21.48 and a 200 day moving average price of $19.42.
Healthpeak Properties Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on DOC. UBS Group upped their price target on shares of Healthpeak Properties from $19.00 to $21.50 and gave the stock a “neutral” rating in a research note 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. BMO Capital Markets upped their target price on Healthpeak Properties from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Royal Bank Of Canada raised their price target on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Cantor Fitzgerald boosted their price target on Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.72.
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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