State Street Corp Acquires Shares of 47,817,056 Healthpeak Properties, Inc. (NYSE:DOC)

State Street Corp acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,817,056 shares of the real estate investment trust's stock, valued at approximately $1,093,576,000. State Street Corp owned 6.84% of Healthpeak Properties at the end of the most recent quarter.

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

Analysts Set New Price Targets

DOC has been the topic of a number of recent analyst reports. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday. Citigroup increased their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Wells Fargo & Company restated an "equal weight" rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Healthpeak Properties Stock Down 0.5 %

Shares of Healthpeak Properties stock traded down $0.11 during trading on Friday, hitting $21.38. 3,822,934 shares of the stock were exchanged, compared to its average volume of 4,769,900. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The firm's 50-day moving average price is $22.07 and its 200 day moving average price is $21.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26.

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

Healthpeak Properties Dividend Announcement

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

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.