California Public Employees Retirement System Decreases Position in Healthpeak Properties, Inc. (NYSE:DOC)

California Public Employees Retirement System trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,225,682 shares of the real estate investment trust’s stock after selling 88,587 shares during the period. California Public Employees Retirement System’s holdings in Healthpeak Properties were worth $24,845,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DOC. Harvest Fund Management Co. Ltd bought a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $30,000. Groupama Asset Managment bought a new stake in Healthpeak Properties in the third quarter valued at approximately $37,000. Continuum Advisory LLC bought a new stake in Healthpeak Properties in the third quarter valued at approximately $44,000. AdvisorNet Financial Inc boosted its stake in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 563 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Healthpeak Properties in the fourth quarter worth approximately $45,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC opened at $19.45 on Friday. Healthpeak Properties, Inc. has a 52 week low of $17.80 and a 52 week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market cap of $13.60 billion, a P/E ratio of 55.56, a P/E/G ratio of 2.17 and a beta of 1.14. The business’s 50 day moving average price is $20.16 and its 200-day moving average price is $21.04.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 annualized dividend and a yield of 6.27%. Healthpeak Properties’s payout ratio is 348.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DOC shares. Scotiabank lowered their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Finally, StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

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.