Maryland State Retirement & Pension System Sells 1,820 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Maryland State Retirement & Pension System cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,666 shares of the real estate investment trust’s stock after selling 1,820 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Healthpeak Properties were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Healthpeak Properties during the third quarter valued at about $1,093,576,000. JPMorgan Chase & Co. raised its stake in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares during the period. Principal Financial Group Inc. lifted its holdings in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Geode Capital Management LLC bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $403,898,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Healthpeak Properties by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock valued at $205,810,000 after buying an additional 53,392 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho dropped their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Wells Fargo & Company reduced their target price 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 raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. Finally, Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Trading Up 2.1 %

DOC stock opened at $20.45 on Tuesday. Healthpeak Properties, Inc. has a twelve month low of $17.45 and a twelve month high of $23.26. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 58.42, 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. The firm’s fifty day simple moving average is $20.25 and its two-hundred day simple moving average is $21.15.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is 348.57%.

Healthpeak Properties 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.