State of New Jersey Common Pension Fund D Raises Stake in Healthpeak Properties, Inc. (NYSE:DOC)

State of New Jersey Common Pension Fund D lifted its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,420 shares of the real estate investment trust's stock after purchasing an additional 42,030 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Healthpeak Properties worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in Healthpeak Properties by 42.4% during 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 in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Healthpeak Properties during the fourth quarter valued at $134,000. Envestnet Portfolio Solutions Inc. purchased a new position in Healthpeak Properties during the third quarter valued at $124,000. Koshinski Asset Management Inc. purchased a new position in Healthpeak Properties during the fourth quarter valued at $146,000. Finally, Sapient Capital LLC purchased a new position in Healthpeak Properties during the fourth quarter valued at $152,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DOC. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Mizuho reiterated a "buy" rating and set a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, April 22nd. BNP Paribas upgraded shares of Healthpeak Properties from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $19.00 to $21.00 in a research report on Friday. Compass Point lowered their price objective on shares of Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating for the company in a research report on Tuesday, January 2nd. Finally, StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Friday. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.36.

Healthpeak Properties Trading Up 0.7 %

Shares of Healthpeak Properties stock traded up $0.14 during trading on Monday, hitting $18.94. The stock had a trading volume of 6,556,483 shares, compared to its average volume of 7,266,439. The firm's fifty day simple moving average is $16.81 and its 200-day simple moving average is $13.82. The stock has a market cap of $13.44 billion, a PE ratio of 54.12, a PEG ratio of 1.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.67. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $22.38.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders 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 6.34%. 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 342.87%.

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.