Chevy Chase Trust Holdings LLC Invests $8.63 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Chevy Chase Trust Holdings LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 377,337 shares of the real estate investment trust's stock, valued at approximately $8,630,000. Chevy Chase Trust Holdings LLC owned about 0.05% of Healthpeak Properties as of its most recent SEC filing.

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

Healthpeak Properties Stock Down 0.5 %

Shares of DOC traded down $0.11 during mid-day trading on Friday, reaching $21.38. The company's stock had a trading volume of 3,821,621 shares, compared to its average volume of 5,670,281. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The stock has a market cap of $14.95 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13. The company's 50 day moving average is $22.09 and its 200 day moving average is $21.27.

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). The company had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.61%. Healthpeak Properties's dividend payout ratio is presently 255.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday. Wells Fargo & Company reissued an "equal weight" rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Robert W. Baird lifted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Citigroup increased their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. One investment 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.