Teacher Retirement System of Texas Invests $2 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Teacher Retirement System of Texas purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 98,630 shares of the real estate investment trust’s stock, valued at approximately $1,999,000.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $1,880,000. Citigroup Inc. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $14,154,000. Cerity Partners LLC acquired a new position in Healthpeak Properties in the third quarter worth approximately $5,051,000. Swedbank AB acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth $1,832,000. Finally, Loomis Sayles & Co. L P acquired a new position in Healthpeak Properties during the third quarter worth $70,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.24 on Friday. The firm has a market capitalization of $14.16 billion, a PE ratio of 57.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12-month low of $17.80 and a 12-month high of $23.26. The firm has a 50-day moving average price of $20.24 and a 200 day moving average price of $21.12.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.03%. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on DOC shares. Wells Fargo & Company decreased their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Wedbush decreased their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Scotiabank lowered their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Morgan Stanley raised 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 raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

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.