State of New Jersey Common Pension Fund D Sells 11,583 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

State of New Jersey Common Pension Fund D decreased its position in Healthpeak Properties, Inc. (NYSE:DOC) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,156 shares of the real estate investment trust’s stock after selling 11,583 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Healthpeak Properties worth $9,125,000 at the end of the most recent reporting period.

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

Healthpeak Properties Stock Up 0.0 %

NYSE DOC opened at $19.60 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. The company has a market capitalization of $13.71 billion, a P/E ratio of 55.99, a P/E/G ratio of 2.18 and a beta of 1.15. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The stock has a 50 day moving average price of $20.32 and a 200-day moving average price of $21.44.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on DOC. Wells Fargo & Company decreased their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Robert W. Baird decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Wedbush reduced their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Mizuho reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. One 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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.