State of Alaska Department of Revenue Sells 58,258 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

State of Alaska Department of Revenue trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,780 shares of the real estate investment trust’s stock after selling 58,258 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Healthpeak Properties worth $8,447,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DOC shares. Royal Bank of Canada lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.15.

Healthpeak Properties Trading Up 0.5 %

Shares of Healthpeak Properties stock opened at $20.14 on Friday. The stock has a market cap of $14.08 billion, a P/E ratio of 42.84, a P/E/G ratio of 2.22 and a beta of 1.15. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The business’s 50 day moving average is $20.63 and its 200-day moving average is $21.53.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.06%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

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.