State of Alaska Department of Revenue Has $8.45 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

State of Alaska Department of Revenue reduced its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 416,780 shares of the real estate investment trust’s stock after selling 58,258 shares during the quarter. State of Alaska Department of Revenue’s holdings in Healthpeak Properties were worth $8,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in DOC. State Street Corp bought a new position in Healthpeak Properties during the third quarter worth $1,093,576,000. Geode Capital Management LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $403,898,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $102,615,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DOC shares. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.15.

Healthpeak Properties Trading Up 0.5 %

Shares of DOC stock opened at $20.14 on Friday. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 2.22 and a beta of 1.15. The stock has a 50-day moving average of $20.63 and a 200-day moving average of $21.53.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be given a dividend of $0.305 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 6.06%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

About Healthpeak Properties

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.