California Public Employees Retirement System Sells 24,603 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

California Public Employees Retirement System decreased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,574,844 shares of the real estate investment trust’s stock after selling 24,603 shares during the period. California Public Employees Retirement System’s holdings in Healthpeak Properties were worth $20,961,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Healthpeak Properties by 42.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,712 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Healthpeak Properties in the fourth quarter valued at about $134,000. Envestnet Portfolio Solutions Inc. acquired a new position in Healthpeak Properties in the third quarter valued at about $124,000. Koshinski Asset Management Inc. acquired a new position in Healthpeak Properties in the fourth quarter valued at about $146,000. Finally, Sapient Capital LLC acquired a new position in Healthpeak Properties in the fourth quarter valued at about $152,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DOC. BNP Paribas raised Healthpeak Properties from a “neutral” rating to an “outperform” rating and increased their target price for the company from $19.00 to $21.00 in a research note on Friday. Mizuho reissued a “buy” rating and issued a $22.00 target price on shares of Healthpeak Properties in a research note on Monday, April 22nd. Compass Point cut their target price on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, January 2nd. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Royal Bank of Canada raised their price target on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $18.36.

Healthpeak Properties Stock Up 2.5 %

Shares of Healthpeak Properties stock opened at $18.80 on Monday. The business’s 50 day simple moving average is $16.66 and its 200 day simple moving average is $13.76. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $22.38. The firm has a market cap of $13.34 billion, a PE ratio of 53.71, a P/E/G ratio of 1.85 and a beta of 1.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Friday, May 3rd. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.86%.

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.