Amalgamated Bank Invests $3.17 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Amalgamated Bank acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 138,467 shares of the real estate investment trust's stock, valued at approximately $3,167,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties during the 2nd quarter valued at about $66,000. Point72 DIFC Ltd bought a new stake in Healthpeak Properties during the 2nd quarter worth approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Healthpeak Properties in the 2nd quarter worth approximately $9,024,000. Centaurus Financial Inc. bought a new position in Healthpeak Properties in the 2nd quarter valued at $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $108,000. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

DOC has been the subject of several research analyst reports. Royal Bank of Canada lifted 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 reissued an "equal weight" rating and set a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Evercore ISI upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Wedbush boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Finally, Scotiabank raised their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.86.

Healthpeak Properties Trading Up 0.9 %

Shares of NYSE:DOC traded up $0.20 on Friday, reaching $22.76. 3,908,435 shares of the company traded hands, compared to its average volume of 5,932,766. The stock has a market capitalization of $15.92 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13. The business's 50-day simple moving average is $22.32 and its 200 day simple moving average is $20.98. 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, Inc. has a 52 week low of $15.44 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $700.40 million for the quarter, compared to the consensus estimate 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 was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's payout ratio is 255.32%.

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.