MidWestOne Financial Group Inc. Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

MidWestOne Financial Group Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 68,576 shares of the real estate investment trust's stock, valued at approximately $1,568,000.

Several other institutional investors also recently modified their holdings of the business. Vestcor Inc bought a new position in Healthpeak Properties in the 3rd quarter valued at $1,807,000. Resources Management Corp CT ADV purchased a new stake in Healthpeak Properties during the third quarter worth about $142,000. M&T Bank Corp bought a new stake in Healthpeak Properties in the third quarter worth about $22,995,000. Duff & Phelps Investment Management Co. purchased a new position in Healthpeak Properties in the third quarter valued at about $14,868,000. Finally, Barclays PLC bought a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $35,078,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DOC. 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. Scotiabank upped their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a report on Monday, September 9th. Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 22nd. Mizuho reduced their price objective 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, StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.93.

Healthpeak Properties Stock Down 1.2 %

DOC traded down $0.26 during midday trading on Tuesday, reaching $21.44. The company's stock had a trading volume of 2,224,868 shares, compared to its average volume of 5,652,257. 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 $22.04 and its 200-day moving average is $21.32. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 2.38 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

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 for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm's quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is presently 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.