M&T Bank Corp Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

M&T Bank Corp purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,005,499 shares of the real estate investment trust's stock, valued at approximately $22,995,000. M&T Bank Corp owned about 0.14% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DOC. HM Payson & Co. bought a new stake in Healthpeak Properties in the third quarter worth $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $29,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $33,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.93.

Healthpeak Properties Stock Down 0.9 %

Healthpeak Properties stock traded down $0.19 during midday trading on Wednesday, hitting $21.25. 3,642,838 shares of the company's stock were exchanged, compared to its average volume of 5,650,140. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The company has a market cap of $14.86 billion, a PE ratio of 45.21, a P/E/G ratio of 2.38 and a beta of 1.13. 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 has a 50-day moving average of $22.00 and a two-hundred day moving average of $21.34.

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

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is currently 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.