558,138 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by Retirement Systems of Alabama

Retirement Systems of Alabama bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 558,138 shares of the real estate investment trust's stock, valued at approximately $12,765,000. Retirement Systems of Alabama owned 0.08% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties in the 2nd quarter valued at approximately $66,000. Point72 DIFC Ltd purchased a new position in Healthpeak Properties in the second quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Healthpeak Properties in the second quarter worth $9,024,000. Centaurus Financial Inc. purchased a new stake in shares of Healthpeak Properties during the 2nd quarter worth $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Down 0.2 %

Shares of DOC traded down $0.05 on Monday, hitting $20.72. 3,887,674 shares of the stock traded hands, compared to its average volume of 5,642,770. The firm has a market capitalization of $14.49 billion, a P/E ratio of 44.06, a P/E/G ratio of 2.37 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The stock's 50 day moving average is $21.94 and its two-hundred day moving average is $21.38.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted 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%. Healthpeak Properties's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Scotiabank boosted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 9th. Citigroup raised 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. Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $22.93.

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.