Teachers Retirement System of The State of Kentucky Cuts Position in Healthpeak Properties, Inc. (NYSE:DOC)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,067 shares of the real estate investment trust’s stock after selling 2,789 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Healthpeak Properties were worth $1,055,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth $35,078,000. Diamant Asset Management Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $564,000. World Investment Advisors LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $291,000. Sfmg LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $2,245,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $125,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DOC shares. Scotiabank dropped their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $24.00 price target on shares of Healthpeak Properties in a research note on Friday, April 11th. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.09.

Healthpeak Properties Stock Performance

Shares of DOC opened at $17.84 on Monday. The stock has a market capitalization of $12.48 billion, a PE ratio of 50.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The business’s fifty day moving average price is $19.57 and its 200 day moving average price is $20.56. 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 12-month low of $17.33 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.1017 per share. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties’s payout ratio is 305.00%.

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.