Cerity Partners LLC Invests $265,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Cerity Partners LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 19,912 shares of the real estate investment trust’s stock, valued at approximately $265,000.

A number of other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Healthpeak Properties by 1.3% in the third quarter. Arizona State Retirement System now owns 67,879 shares of the real estate investment trust’s stock worth $827,000 after acquiring an additional 877 shares during the last quarter. New York State Teachers Retirement System lifted its position in Healthpeak Properties by 0.3% during the third quarter. New York State Teachers Retirement System now owns 345,580 shares of the real estate investment trust’s stock worth $4,213,000 after buying an additional 938 shares in the last quarter. Van ECK Associates Corp lifted its position in Healthpeak Properties by 4.3% during the third quarter. Van ECK Associates Corp now owns 27,876 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 1,155 shares in the last quarter. abrdn plc lifted its position in Healthpeak Properties by 2.5% during the third quarter. abrdn plc now owns 49,720 shares of the real estate investment trust’s stock worth $606,000 after buying an additional 1,202 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its position in Healthpeak Properties by 0.9% during the third quarter. Annex Advisory Services LLC now owns 166,343 shares of the real estate investment trust’s stock worth $2,028,000 after buying an additional 1,448 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

DOC stock opened at $18.80 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $13.34 billion, a PE ratio of 53.71, a P/E/G ratio of 1.85 and a beta of 1.02. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $22.38. The business’s fifty day moving average price is $16.66 and its 200 day moving average price is $13.76.

Healthpeak Properties Increases Dividend

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

Analysts Set New Price Targets

DOC has been the topic of a number of analyst reports. BNP Paribas upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Friday. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Friday. KeyCorp reiterated a “sector weight” rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Mizuho restated a “buy” rating and issued a $22.00 target price on shares of Healthpeak Properties in a research report on Monday, April 22nd. Finally, Compass Point reduced their target price on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.36.

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.