Maryland State Retirement & Pension System Sells 1,820 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Maryland State Retirement & Pension System cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,666 shares of the real estate investment trust’s stock after selling 1,820 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Healthpeak Properties were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its stake in shares of Healthpeak Properties by 0.9% during the 4th quarter. Xponance Inc. now owns 100,355 shares of the real estate investment trust’s stock valued at $2,034,000 after purchasing an additional 932 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at approximately $263,000. Generali Asset Management SPA SGR bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $2,690,000. William Blair Investment Management LLC lifted its position in Healthpeak Properties by 9.7% during the fourth quarter. William Blair Investment Management LLC now owns 23,030 shares of the real estate investment trust’s stock valued at $467,000 after buying an additional 2,027 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Healthpeak Properties by 5.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 42,529 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 2,140 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.45 on Tuesday. The firm’s 50 day moving average price is $20.25 and its 200-day moving average price is $21.15. 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 capitalization of $14.30 billion, a PE ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties, Inc. has a twelve month low of $17.45 and a twelve month high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were given a $0.305 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 5.97%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report 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 for the company in a research report on Thursday, December 5th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.92.

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.