M&T Bank Corp Acquires Shares of 1,005,499 Healthpeak Properties, Inc. (NYSE:DOC)

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

A number of other institutional investors and hedge funds have also modified their holdings of the business. HM Payson & Co. purchased a new position in Healthpeak Properties during the third quarter valued at approximately $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $26,000. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter worth $33,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on DOC shares. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Robert W. Baird lifted 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. Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Finally, Scotiabank raised 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.93.

Healthpeak Properties Stock Performance

NYSE:DOC traded up $0.36 during mid-day trading on Friday, hitting $20.12. 12,559,115 shares of the company's stock traded hands, compared to its average volume of 5,658,954. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The firm has a 50 day moving average of $21.80 and a two-hundred day moving average of $21.40. 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 12 month low of $16.01 and a 12 month high of $23.26.

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 for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm's revenue was up 25.9% compared to the same quarter last year. On average, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 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.