52,289 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 52,289 shares of the real estate investment trust's stock, valued at approximately $1,196,000.

Several other institutional investors have also recently modified their holdings of the company. abrdn plc acquired a new position in Healthpeak Properties in the 3rd quarter worth approximately $62,670,000. Douglas Lane & Associates LLC acquired a new stake in shares of Healthpeak Properties in the third quarter worth $33,947,000. Foresight Group Ltd Liability Partnership purchased a new position in shares of Healthpeak Properties during the third quarter worth $33,212,000. Asset Management One Co. Ltd. acquired a new position in Healthpeak Properties during the third quarter valued at $29,934,000. Finally, Raymond James & Associates acquired a new position in Healthpeak Properties during the third quarter valued at $25,711,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Wells Fargo & Company restated an "equal weight" rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.86.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock traded down $0.14 during mid-day trading on Wednesday, reaching $21.65. 6,567,485 shares of the stock traded hands, compared to its average volume of 5,735,884. The stock has a market capitalization of $15.14 billion, a PE ratio of 46.62, a PEG ratio of 2.43 and a beta of 1.13. The business has a 50-day moving average of $22.32 and a 200 day moving average of $21.00. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. 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 (NYSE:DOC - Get Free Report) last posted its quarterly earnings data 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). 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 analyst estimates of $682.51 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 5.54%. Healthpeak Properties's payout ratio is 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.