CIBC Asset Management Inc Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

CIBC Asset Management Inc purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 98,430 shares of the real estate investment trust's stock, valued at approximately $2,251,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DOC. Harbour Investments Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter worth $1,156,000. Private Advisor Group LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $405,000. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties during the third quarter worth about $33,212,000. Amalgamated Bank purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $3,167,000. Finally, KBC Group NV purchased a new position in Healthpeak Properties in the third quarter worth approximately $17,438,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Healthpeak Properties Stock Performance

Healthpeak Properties stock traded down $0.03 during mid-day trading on Wednesday, reaching $21.37. 1,139,779 shares of the company were exchanged, compared to its average volume of 5,719,647. The firm's 50-day simple moving average is $22.22 and its two-hundred day simple moving average is $21.11. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The firm has a market cap of $14.95 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. 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 (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 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 analyst estimates 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 for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Equities analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.62%. Healthpeak Properties's dividend payout ratio is currently 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.