49,029 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 49,029 shares of the real estate investment trust's stock, valued at approximately $1,121,000.

Several other institutional investors have also bought and sold shares of the stock. Meridian Investment Counsel Inc. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $2,630,000. Archer Investment Corp bought a new position in shares of Healthpeak Properties during the third quarter valued at $294,000. Sheaff Brock Investment Advisors LLC acquired a new position in Healthpeak Properties in the third quarter worth $1,446,000. Connable Office Inc. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $443,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $2,251,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

Healthpeak Properties stock traded up $0.51 during mid-day trading on Tuesday, reaching $21.38. 2,096,927 shares of the company's stock were exchanged, compared to its average volume of 5,727,010. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The firm has a market capitalization of $14.95 billion, a PE ratio of 45.43, a P/E/G ratio of 2.32 and a beta of 1.13. The business's fifty day simple moving average is $22.24 and its 200 day simple moving average is $21.09. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results 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 firm had revenue of $700.40 million during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.61%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is 255.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DOC shares. Wedbush increased their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Wells Fargo & Company restated an "equal weight" rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.86.

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.