Kentucky Retirement Systems acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,029 shares of the real estate investment trust’s stock, valued at approximately $1,121,000.
Several other institutional investors also recently bought and sold shares of DOC. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties in the third quarter worth about $26,000. Rise Advisors LLC bought a new position in Healthpeak Properties during the 3rd quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Healthpeak Properties Stock Performance
NYSE:DOC opened at $20.86 on Tuesday. The company has a market capitalization of $14.59 billion, a P/E ratio of 44.38, a PEG ratio of 2.32 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The firm has a fifty day simple moving average of $22.26 and a 200-day simple moving average of $21.08.
Healthpeak Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.75%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on DOC shares. Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Evercore ISI lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.86.
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.
Read More
- Five stocks we like better than Healthpeak Properties
- Consumer Discretionary Stocks Explained
- Is Monolithic Power Systems a Screaming Buy After Near 40% Drop?
- What is a Bond Market Holiday? How to Invest and Trade
- Applied Materials Market Capitulates: Now is the Time to Buy
- How to Capture the Benefits of Dividend Increases
- 3 Ultra-High Dividend Yield Stocks for the New Year
Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC – Free Report).
Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.