Janus Henderson Group PLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 77,800 shares of the real estate investment trust's stock, valued at approximately $1,779,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in 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 worth approximately $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.57% of the company's stock.
Wall Street Analyst Weigh In
DOC has been the topic of several analyst reports. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. 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. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Evercore ISI increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. One equities research 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. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and an average price target of $22.93.
Check Out Our Latest Research Report on Healthpeak Properties
Healthpeak Properties Stock Performance
DOC stock traded down $0.17 during midday trading on Friday, reaching $20.76. The company had a trading volume of 6,695,847 shares, compared to its average volume of 5,650,051. The firm has a market capitalization of $14.52 billion, a PE ratio of 44.17, a P/E/G ratio of 2.37 and a beta of 1.13. The stock has a 50 day moving average price of $21.94 and a 200 day moving average price of $21.35. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. 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 (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 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 company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.
Healthpeak Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued 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 5.78%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.
Healthpeak Properties Profile
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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.
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