Fmr LLC Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

FMR LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,932,134 shares of the real estate investment trust's stock, valued at approximately $67,058,000. FMR LLC owned about 0.42% of Healthpeak Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in Healthpeak Properties in the third quarter valued at about $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties in the third quarter valued at about $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties in the third quarter valued at about $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties in the third quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new stake in Healthpeak Properties in the third quarter valued at about $33,000. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday. Royal Bank of Canada increased 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. Citigroup increased their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. Finally, Robert W. Baird increased their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

Healthpeak Properties Stock Down 0.5 %

NYSE DOC traded down $0.11 during trading hours on Friday, hitting $21.38. 3,822,934 shares of the company traded hands, compared to its average volume of 4,769,900. The business's 50-day moving average is $22.07 and its 200-day moving average is $21.28. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $14.95 billion, a price-to-earnings ratio of 45.46, a P/E/G ratio of 2.37 and a beta of 1.13.

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 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the company posted $0.45 earnings per share. The business's revenue for the quarter was up 25.9% on a year-over-year basis. Sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given 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 5.61%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

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.