Charles Schwab Investment Management Inc. Invests $230.99 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Charles Schwab Investment Management Inc. purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,100,058 shares of the real estate investment trust's stock, valued at approximately $230,988,000. Charles Schwab Investment Management Inc. owned 1.44% of Healthpeak Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HM Payson & Co. purchased a new position in Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in Healthpeak Properties during the third quarter worth $33,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Trading Down 0.4 %

Shares of Healthpeak Properties stock opened at $21.62 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $21.14. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 2.42 and a beta of 1.13. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results 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 return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analysts' expectations of $682.51 million. During the same quarter last year, the business posted $0.45 earnings per share. The business's revenue was up 25.9% on a year-over-year basis. On average, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.55%. Healthpeak Properties's payout ratio is 255.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DOC. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Wells Fargo & Company reiterated an "equal weight" rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Robert W. Baird raised their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Wedbush upped their target price 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, Evercore ISI boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock 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 issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.86.

About Healthpeak Properties

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.