Retirement Systems of Alabama Invests $12.77 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Retirement Systems of Alabama bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, HoldingsChannel reports. The fund bought 558,138 shares of the real estate investment trust’s stock, valued at approximately $12,765,000.

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

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.76 on Monday. The company has a 50-day simple moving average of $21.94 and a 200-day simple moving average of $21.38. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 44.17, a PEG ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.78%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Analyst Ratings Changes

Several analysts have recently commented on DOC shares. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Scotiabank lifted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.93.

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.