Meridian Investment Counsel Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Meridian Investment Counsel Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,008 shares of the real estate investment trust's stock, valued at approximately $2,630,000.

Several other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $102,615,000. abrdn plc purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $62,670,000. Douglas Lane & Associates LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $33,947,000. Foresight Group Ltd Liability Partnership purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $33,212,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $32,470,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DOC. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Wells Fargo & Company reissued an "equal weight" rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Evercore ISI 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, September 16th. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.86.

Healthpeak Properties Stock Performance

DOC traded down $0.39 during midday trading on Friday, reaching $20.86. The company's stock had a trading volume of 7,300,788 shares, compared to its average volume of 5,745,080. The stock has a market cap of $14.59 billion, a P/E ratio of 44.38, a PEG ratio of 2.41 and a beta of 1.13. The company has a fifty day simple moving average of $22.26 and a 200 day simple moving average of $21.04. 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.

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 business 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 business's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. Research analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is currently 255.32%.

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.