Duff & Phelps Investment Management Co. Buys New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Duff & Phelps Investment Management Co. acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 650,088 shares of the real estate investment trust's stock, valued at approximately $14,868,000. Duff & Phelps Investment Management Co. owned about 0.09% of Healthpeak Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Thrivent Financial for Lutherans bought a new position in shares of Healthpeak Properties during the 3rd quarter worth about $1,880,000. Swedbank AB bought a new position in Healthpeak Properties during the third quarter worth about $1,832,000. Associated Banc Corp acquired a new stake in Healthpeak Properties during the third quarter valued at approximately $10,559,000. Pathstone Holdings LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $1,968,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Healthpeak Properties during the third quarter worth $9,361,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Up 1.5 %

Shares of NYSE:DOC traded up $0.32 during trading on Monday, hitting $21.70. The company had a trading volume of 5,050,074 shares, compared to its average volume of 5,667,669. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $21.30.

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 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $682.51 million. During the same period in the previous year, the company posted $0.45 EPS. Healthpeak Properties's revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 5.53%. Healthpeak Properties's payout ratio is 255.32%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DOC shares. Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Evercore ISI boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. 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. Finally, StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently 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.