698,916 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 698,916 shares of the real estate investment trust's stock, valued at approximately $15,984,000. Oppenheimer Asset Management Inc. owned about 0.10% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. Sumitomo Mitsui Trust Group Inc. bought a new position in Healthpeak Properties in the third quarter valued at approximately $102,615,000. abrdn plc bought a new position in shares of Healthpeak Properties during the third quarter worth $62,670,000. Douglas Lane & Associates LLC bought a new position in shares of Healthpeak Properties during the third quarter worth $33,947,000. Foresight Group Ltd Liability Partnership bought a new position in shares of Healthpeak Properties during the third quarter worth $33,212,000. Finally, Victory Capital Management Inc. bought a new position in shares of Healthpeak Properties during the third quarter worth $32,470,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DOC has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Scotiabank lifted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 9th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average price target of $22.86.

Healthpeak Properties Stock Performance

Shares of DOC traded down $0.40 during midday trading on Thursday, reaching $21.25. The stock had a trading volume of 6,107,932 shares, compared to its average volume of 5,738,034. The firm has a 50 day simple moving average of $22.30 and a 200-day simple moving average of $21.03. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The firm has a market cap of $14.86 billion, a PE ratio of 45.41, a P/E/G ratio of 2.43 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

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 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same period last year, the business earned $0.45 EPS. The business's revenue was up 25.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

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.