423,724 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Cornerstone Capital Inc.

Cornerstone Capital Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 423,724 shares of the real estate investment trust's stock, valued at approximately $9,691,000. Cornerstone Capital Inc. owned about 0.06% of Healthpeak Properties at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DOC shares. Scotiabank lifted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a report on Monday, September 9th. Royal Bank of Canada 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. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Wedbush increased their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.86.

Healthpeak Properties Stock Up 2.4 %

Healthpeak Properties stock traded up $0.53 during mid-day trading on Tuesday, reaching $22.52. 3,681,176 shares of the company's stock were exchanged, compared to its average volume of 5,711,465. The company has a fifty day moving average of $22.29 and a 200-day moving average of $20.86. The company has a market cap of $15.75 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.45 and a beta of 1.13. 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 twelve month low of $15.44 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Healthpeak Properties 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.