67,000 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 67,000 shares of the real estate investment trust’s stock, valued at approximately $892,000.

Other large investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its stake in Healthpeak Properties by 31.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 386,844 shares of the real estate investment trust’s stock worth $4,716,000 after buying an additional 92,966 shares during the period. GSA Capital Partners LLP purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $741,000. Employees Retirement System of Texas increased its stake in Healthpeak Properties by 39.5% during the 3rd quarter. Employees Retirement System of Texas now owns 212,000 shares of the real estate investment trust’s stock worth $2,584,000 after buying an additional 60,000 shares during the period. American Century Companies Inc. increased its stake in Healthpeak Properties by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock worth $41,018,000 after buying an additional 65,814 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Healthpeak Properties by 11.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 646,048 shares of the real estate investment trust’s stock worth $8,767,000 after buying an additional 63,915 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.34 on Friday. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $22.38. The company has a market capitalization of $13.01 billion, a PE ratio of 32.75, a P/E/G ratio of 1.82 and a beta of 1.02. The company has a 50-day simple moving average of $16.52 and a 200-day simple moving average of $13.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of recent analyst reports. Bank of America raised shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and increased their price objective for the company from $18.00 to $25.00 in a research report on Monday, April 1st. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Compass Point dropped their price objective on shares of Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of “Hold” and a consensus target price of $18.10.

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.