Mutual of America Capital Management LLC purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 236,978 shares of the real estate investment trust's stock, valued at approximately $5,420,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $102,615,000. abrdn plc purchased a new stake in Healthpeak Properties in the 3rd quarter worth $62,670,000. Douglas Lane & Associates LLC purchased a new stake in Healthpeak Properties in the 3rd quarter worth $33,947,000. Foresight Group Ltd Liability Partnership purchased a new stake in Healthpeak Properties in the 3rd quarter worth $33,212,000. Finally, Victory Capital Management Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth $32,470,000. 93.57% of the stock is owned by institutional investors.
Healthpeak Properties Stock Down 0.4 %
DOC stock traded down $0.08 during trading on Wednesday, hitting $21.32. 1,874,792 shares of the company's stock traded hands, compared to its average volume of 5,723,146. The firm has a market capitalization of $14.91 billion, a P/E ratio of 45.85, a PEG ratio of 2.32 and a beta of 1.13. The business has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $21.11. 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, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26.
Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $682.51 million. During the same period in the previous year, the business earned $0.45 earnings per share. The business's quarterly revenue was up 25.9% compared to the same quarter last year. Sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.
Healthpeak Properties Announces Dividend
The company also recently declared 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 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties's dividend payout ratio is currently 255.32%.
Wall Street Analysts Forecast Growth
DOC has been the subject of a number of research analyst reports. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.86.
Check Out Our Latest Stock Report on Healthpeak Properties
Healthpeak Properties Company Profile
(
Free Report)
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.
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