Arizona State Retirement System Increases Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Arizona State Retirement System increased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 203,112 shares of the real estate investment trust’s stock after acquiring an additional 1,480 shares during the period. Arizona State Retirement System’s holdings in Healthpeak Properties were worth $4,117,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth $37,000. Wiser Advisor Group LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth $42,000. Capital Performance Advisors LLP purchased a new stake in Healthpeak Properties during the 3rd quarter worth $42,000. Continuum Advisory LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth $44,000. Finally, AdvisorNet Financial Inc boosted its position in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DOC. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Scotiabank decreased their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 15th. Mizuho decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, 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 research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $20.52 on Friday. The firm has a market cap of $14.35 billion, a PE ratio of 58.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The firm’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $21.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a 1 year low of $16.66 and a 1 year high of $23.26.

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 paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date was Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

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.