Kentucky Retirement Systems Lowers Position in Healthpeak Properties, Inc. (NYSE:DOC)

Kentucky Retirement Systems reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 48,363 shares of the real estate investment trust’s stock after selling 666 shares during the quarter. Kentucky Retirement Systems’ holdings in Healthpeak Properties were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DOC. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $26,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $32,000. Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $33,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $37,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 0.4 %

Shares of NYSE DOC opened at $19.83 on Tuesday. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The business has a 50-day simple moving average of $20.19 and a two-hundred day simple moving average of $21.38. 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 company has a market cap of $13.87 billion, a P/E ratio of 56.64, a P/E/G ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.15%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DOC shares. Wedbush decreased their target price on 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 decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Wells Fargo & Company cut 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.