Kentucky Retirement Systems Sells 666 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Kentucky Retirement Systems cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,363 shares of the real estate investment trust’s stock after selling 666 shares during the period. Kentucky Retirement Systems’ holdings in Healthpeak Properties were worth $980,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in Healthpeak Properties in the third quarter valued at approximately $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties in the third quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties in the third quarter valued at approximately $32,000. Barrett & Company Inc. bought a new stake in Healthpeak Properties in the third quarter valued at approximately $33,000. Finally, Avior Wealth Management LLC bought a new stake in Healthpeak Properties in the third quarter valued at approximately $37,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DOC. Mizuho cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. 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 report on Wednesday, January 15th. Wells Fargo & Company cut their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Healthpeak Properties Price Performance

Shares of DOC opened at $19.83 on Tuesday. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The business’s fifty day moving average is $20.19 and its 200 day moving average is $21.38. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market cap of $13.87 billion, a P/E ratio of 56.64, a P/E/G ratio of 2.17 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a $0.305 dividend. This is a boost 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 6.15%. The ex-dividend date of this dividend is Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

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.