Nisa Investment Advisors LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 233,216 shares of the real estate investment trust's stock, valued at approximately $5,334,000.
Other large investors also recently bought and sold shares of the company. Douglas Lane & Associates LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $33,212,000. Raymond James & Associates purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $25,711,000. Presima Securities ULC acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $22,465,000. Finally, AMF Tjanstepension AB purchased a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $15,548,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Healthpeak Properties Trading Down 1.3 %
NYSE DOC traded down $0.30 during trading on Friday, hitting $22.15. The stock had a trading volume of 2,593,840 shares, compared to its average volume of 5,711,874. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $15.49 billion, a PE ratio of 47.77, a PEG ratio of 2.53 and a beta of 1.14. The firm has a 50 day moving average price of $22.31 and a 200 day moving average price of $20.76. Healthpeak Properties, Inc. has a twelve month low of $15.44 and a twelve month 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 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 company's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. As a group, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.
Healthpeak Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.42%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.
Wall Street Analyst Weigh In
DOC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Wells Fargo & Company reissued an "equal weight" rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Evercore ISI lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Wedbush increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.79.
Check Out Our Latest Stock Report on Healthpeak Properties
Healthpeak Properties 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.
See Also
Before you consider Healthpeak Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthpeak Properties wasn't on the list.
While Healthpeak Properties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
