Gulf International Bank UK Ltd Makes New $1.70 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Gulf International Bank UK Ltd acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 74,126 shares of the real estate investment trust's stock, valued at approximately $1,695,000.

A number of other hedge funds also recently made changes to their positions in DOC. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $33,212,000. Atomi Financial Group Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter valued at $399,000. Nisa Investment Advisors LLC bought a new position in shares of Healthpeak Properties in the third quarter worth $5,334,000. First Trust Direct Indexing L.P. bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $959,000. Finally, Pensionfund Sabic bought a new position in Healthpeak Properties in the 3rd quarter worth $2,556,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 0.9 %

NYSE DOC traded up $0.21 during trading on Friday, hitting $22.77. 3,908,435 shares of the company traded hands, compared to its average volume of 5,741,168. The business has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $20.91. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $15.92 billion, a P/E ratio of 48.43, a PEG ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 12 month low of $15.44 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) 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 firm had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. During the same period in the prior year, the company earned $0.45 EPS. The firm's quarterly revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DOC. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Wedbush raised their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Scotiabank raised their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.86.

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.