State of Michigan Retirement System Has $3.85 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

State of Michigan Retirement System lessened its position in Healthpeak Properties, Inc. (NYSE:DOC) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 189,793 shares of the real estate investment trust’s stock after selling 1,900 shares during the period. State of Michigan Retirement System’s holdings in Healthpeak Properties were worth $3,847,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth about $1,880,000. Swedbank AB purchased a new position in Healthpeak Properties in the third quarter valued at about $1,832,000. Pathstone Holdings LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $1,968,000. Finally, Associated Banc Corp purchased a new position in Healthpeak Properties in the third quarter valued at about $10,559,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

DOC has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Scotiabank dropped their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Finally, Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Stock Up 1.9 %

Shares of NYSE:DOC opened at $20.52 on Friday. The firm has a fifty day moving average price of $20.20 and a two-hundred day moving average price of $21.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a one year low of $16.66 and a one year high of $23.26. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid 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 was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 5.95%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

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.