Teacher Retirement System of Texas Invests $2 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Teacher Retirement System of Texas purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 98,630 shares of the real estate investment trust’s stock, valued at approximately $1,999,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties during the fourth quarter valued at $30,000. Groupama Asset Managment acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $37,000. Continuum Advisory LLC acquired a new stake in Healthpeak Properties during the third quarter worth about $44,000. AdvisorNet Financial Inc lifted its holdings in Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Healthpeak Properties in the fourth quarter valued at approximately $45,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOC shares. Scotiabank dropped their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, Wedbush reduced their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.24 on Friday. The company has a 50-day moving average of $20.24 and a 200-day moving average of $21.12. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 57.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a twelve month low of $17.80 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. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.03%. Healthpeak Properties’s payout ratio is 348.57%.

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.