Nuance Investments LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 757,455 shares of the real estate investment trust's stock, valued at approximately $17,323,000. Nuance Investments LLC owned approximately 0.11% of Healthpeak Properties at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOC. Advisors Asset Management Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $917,000. Commerce Bank bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $400,000. Avior Wealth Management LLC bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $37,000. New Millennium Group LLC bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $365,000. Finally, PNC Financial Services Group Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $4,030,000. 93.57% of the stock is owned by hedge funds and other institutional investors.
Healthpeak Properties Trading Up 0.1 %
DOC stock traded up $0.03 during midday trading on Wednesday, reaching $21.43. The company's stock had a trading volume of 4,968,301 shares, compared to its average volume of 5,736,895. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $21.11. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 2.32 and a beta of 1.13.
Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $682.51 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business's quarterly revenue was up 25.9% on a year-over-year basis. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.
Healthpeak Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.60%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.
Analyst Ratings Changes
Several research analysts have weighed in on DOC shares. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company reiterated an "equal weight" rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Wedbush increased their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Royal Bank of Canada increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Finally, Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. One research 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.86.
Read Our Latest Research Report on Healthpeak Properties
Healthpeak Properties Company Profile
(
Free Report)
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.
See Also
Before you consider Healthpeak Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthpeak Properties wasn't on the list.
While Healthpeak Properties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
