Franklin Resources Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Franklin Resources Inc. purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 147,370 shares of the real estate investment trust's stock, valued at approximately $3,224,000.

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

Healthpeak Properties Price Performance

Shares of DOC stock traded down $0.13 during trading hours on Thursday, hitting $20.26. The company's stock had a trading volume of 1,941,208 shares, compared to its average volume of 5,619,819. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 43.11, a P/E/G ratio of 2.37 and a beta of 1.13. The business has a fifty day moving average of $21.68 and a 200-day moving average of $21.41.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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 analysts' expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced 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 5.92%. Healthpeak Properties's payout ratio is currently 255.32%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DOC. Royal Bank of Canada 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, November 4th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. Wells Fargo & Company dropped their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.62.

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.