Douglas Lane & Associates LLC Raises Position in Healthpeak Properties, Inc. (NYSE:DOC)

Douglas Lane & Associates LLC increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 73.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,574,455 shares of the real estate investment trust's stock after buying an additional 1,090,130 shares during the period. Douglas Lane & Associates LLC owned 0.37% of Healthpeak Properties worth $52,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DOC. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Healthpeak Properties during the third quarter valued at about $1,880,000. Swedbank AB bought a new stake in shares of Healthpeak Properties during the third quarter worth about $1,832,000. Pathstone Holdings LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $1,968,000. Finally, Associated Banc Corp bought a new position in Healthpeak Properties in the 3rd quarter valued at about $10,559,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DOC. Royal Bank of Canada increased 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, November 4th. Robert W. Baird raised their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Evercore ISI upped their target price on 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 cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and an average target price of $24.08.

Healthpeak Properties Price Performance

Healthpeak Properties stock traded up $0.42 during mid-day trading on Wednesday, hitting $20.33. 4,306,317 shares of the company traded hands, compared to its average volume of 3,908,803. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The stock has a fifty day moving average price of $21.24 and a 200-day moving average price of $21.47.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business's revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.90%. Healthpeak Properties's dividend payout ratio is 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.