abrdn plc Buys Shares of 2,749,308 Healthpeak Properties, Inc. (NYSE:DOC)

abrdn plc purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,749,308 shares of the real estate investment trust's stock, valued at approximately $62,670,000. abrdn plc owned 0.39% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the third quarter worth about $29,000. Barrett & Company Inc. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $33,000. Riverview Trust Co bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $35,000. UMB Bank n.a. acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $40,000. Finally, Cromwell Holdings LLC bought a new stake in Healthpeak Properties during the third quarter worth approximately $52,000. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wedbush increased their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Scotiabank lifted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a report on Monday, September 9th. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday. Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Finally, Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.79.

Healthpeak Properties Stock Up 1.0 %

Shares of DOC traded up $0.22 during mid-day trading on Wednesday, reaching $22.74. The company's stock had a trading volume of 6,977,745 shares, compared to its average volume of 5,711,434. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 64.97, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. The business has a fifty day moving average of $22.29 and a 200 day moving average of $20.74. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties, Inc. has a 1 year low of $15.24 and a 1 year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced 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 return on equity of 3.51% and a net margin of 11.93%. The business had revenue of $700.40 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.79 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Monday, November 4th. Healthpeak Properties's payout ratio is presently 342.86%.

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.