Baillie Gifford & Co. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Baillie Gifford & Co. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,927 shares of the real estate investment trust's stock, valued at approximately $936,000.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in Healthpeak Properties in the third quarter valued at $405,000. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties in the third quarter valued at approximately $33,212,000. Amalgamated Bank bought a new stake in Healthpeak Properties in the third quarter valued at $3,167,000. Atomi Financial Group Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $399,000. Finally, Nisa Investment Advisors LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $5,334,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on DOC shares. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Royal Bank of Canada upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Scotiabank raised their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research note on Monday, September 9th. Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, 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 report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.86.

Healthpeak Properties Trading Down 1.2 %

Shares of NYSE DOC traded down $0.27 during mid-day trading on Thursday, hitting $21.38. The stock had a trading volume of 1,653,543 shares, compared to its average volume of 5,717,415. The firm has a market cap of $14.95 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.13. The business has a 50 day moving average price of $22.30 and a two-hundred day moving average price of $21.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued 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 business had revenue of $700.40 million during 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%. The firm'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. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.61%. Healthpeak Properties's dividend payout ratio is currently 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.