National Pension Service Invests $22.63 Million in Healthpeak Properties, Inc. (NYSE:DOC)

National Pension Service bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,116,335 shares of the real estate investment trust’s stock, valued at approximately $22,628,000. National Pension Service owned about 0.16% of Healthpeak Properties at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DOC. Private Advisor Group LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $405,000. Assenagon Asset Management S.A. purchased a new position in Healthpeak Properties in the 3rd quarter worth about $565,000. Louisiana State Employees Retirement System purchased a new position in Healthpeak Properties in the 3rd quarter worth about $906,000. Integrated Advisors Network LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $299,000. Finally, New York State Teachers Retirement System purchased a new position in Healthpeak Properties in the 3rd quarter worth about $13,077,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley raised shares of 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. Wedbush reduced their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Mizuho reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Scotiabank cut their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Up 1.3 %

NYSE:DOC opened at $20.44 on Friday. Healthpeak Properties, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $23.26. The stock has a market capitalization of $14.30 billion, a P/E ratio of 58.39, a P/E/G ratio of 2.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company’s 50-day simple moving average is $20.19 and its 200-day simple moving average is $21.35.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were 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 5.97%. The ex-dividend date of this dividend was Friday, February 14th. 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.