55,098 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 55,098 shares of the real estate investment trust's stock, valued at approximately $1,260,000.

Several other hedge funds also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Healthpeak Properties in the 2nd quarter valued at $66,000. Point72 DIFC Ltd bought a new stake in shares of Healthpeak Properties in the second quarter valued at about $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Healthpeak Properties during the second quarter worth about $9,024,000. Centaurus Financial Inc. acquired a new stake in Healthpeak Properties during the second quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in Healthpeak Properties during the third quarter valued at about $108,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird raised their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Scotiabank boosted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a report on Monday, September 9th. Evercore ISI boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.86.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded down $0.02 on Thursday, hitting $22.31. The stock had a trading volume of 2,734,544 shares, compared to its average volume of 5,732,799. Healthpeak Properties, Inc. has a twelve month low of $15.44 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 firm's 50 day moving average price is $22.30 and its 200-day moving average price is $20.90. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its 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). The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.38%. Healthpeak Properties's dividend payout ratio is currently 255.32%.

Healthpeak Properties Company 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.