41,950 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,950 shares of the real estate investment trust's stock, valued at approximately $959,000.

Other institutional investors have also recently added to or reduced their stakes in the company. abrdn plc purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $62,670,000. Douglas Lane & Associates LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties in the 3rd quarter valued at $33,212,000. Raymond James & Associates acquired a new position in Healthpeak Properties in the 3rd quarter valued at $25,711,000. Finally, Presima Securities ULC acquired a new stake in Healthpeak Properties during the 3rd quarter worth $22,465,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DOC. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday. Scotiabank upped their price target on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.79.

Healthpeak Properties Trading Down 2.1 %

DOC stock traded down $0.47 during mid-day trading on Friday, hitting $21.98. 5,994,861 shares of the company were exchanged, compared to its average volume of 5,727,916. The business has a fifty day simple moving average of $22.30 and a 200-day simple moving average of $20.79. The firm has a market capitalization of $15.37 billion, a P/E ratio of 46.77, a PEG ratio of 2.53 and a beta of 1.14. Healthpeak Properties, Inc. has a 12-month low of $15.44 and a 12-month high of $23.26. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results 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 company had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the business posted $0.45 EPS. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's payout ratio is 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.