Investment Management Corp of Ontario Acquires Shares of 23,413 Healthpeak Properties, Inc. (NYSE:DOC)

Investment Management Corp of Ontario purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,413 shares of the real estate investment trust's stock, valued at approximately $535,000.

A number of other institutional investors have also recently modified their holdings of the business. HM Payson & Co. acquired a new position in Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in Healthpeak Properties during the third quarter worth $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Down 0.5 %

Shares of NYSE:DOC traded down $0.11 during mid-day trading on Friday, hitting $21.38. 3,822,934 shares of the company traded hands, compared to its average volume of 4,769,900. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The firm's 50 day simple moving average is $22.07 and its 200 day simple moving average is $21.30. The firm has a market cap of $14.95 billion, a P/E ratio of 45.49, a PEG ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period in the previous year, the business posted $0.45 earnings per share. Healthpeak Properties's revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.61%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOC. Evercore ISI increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, August 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Scotiabank upped their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.00.

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.