Retirement Systems of Alabama Purchases 956 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Retirement Systems of Alabama boosted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 298,692 shares of the real estate investment trust’s stock after acquiring an additional 956 shares during the period. Retirement Systems of Alabama owned 0.13% of Healthpeak Properties worth $3,976,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DOC. Allspring Global Investments Holdings LLC grew its stake in shares of Healthpeak Properties by 42.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,712 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $124,000. Stratos Wealth Partners LTD. bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $134,000. Koshinski Asset Management Inc. purchased a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $146,000. Finally, Sapient Capital LLC bought a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $152,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DOC. Wells Fargo & Company began coverage on shares of Healthpeak Properties in a report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price target on the stock. Mizuho reiterated a “buy” rating and set a $22.00 price target on shares of Healthpeak Properties in a research report on Monday, April 22nd. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and upped their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Finally, Royal Bank of Canada increased their target price on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Healthpeak Properties has an average rating of “Hold” and an average target price of $18.50.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $18.97 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $17.58 and a two-hundred day simple moving average of $14.08. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $22.38. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 1.87 and a beta of 1.01.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 3rd. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 6.33%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.87%.

About Healthpeak Properties

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.