Illinois Municipal Retirement Fund Boosts Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Illinois Municipal Retirement Fund lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,161 shares of the real estate investment trust’s stock after buying an additional 56,828 shares during the period. Illinois Municipal Retirement Fund’s holdings in Healthpeak Properties were worth $4,503,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $1,093,576,000. JPMorgan Chase & Co. raised its stake in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Healthpeak Properties by 2,113.5% in the fourth 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 during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $403,898,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $230,988,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of 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. Royal Bank of Canada boosted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Robert W. Baird decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Healthpeak Properties Stock Down 1.1 %

Healthpeak Properties stock opened at $20.00 on Thursday. The business has a 50 day simple moving average of $20.17 and a 200-day simple moving average of $21.37. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The stock has a market capitalization of $13.99 billion, a PE ratio of 57.13, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 6.10%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 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.