Penserra Capital Management LLC Buys Shares of 64,000 Healthpeak Properties, Inc. (NYSE:DOC)

Penserra Capital Management LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 64,000 shares of the real estate investment trust's stock, valued at approximately $1,463,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. purchased a new position in shares of Healthpeak Properties in the third quarter valued at $1,156,000. KBC Group NV purchased a new position in shares of Healthpeak Properties in the third quarter valued at $17,438,000. Private Advisor Group LLC purchased a new position in shares of Healthpeak Properties in the third quarter valued at $405,000. Moors & Cabot Inc. purchased a new position in shares of Healthpeak Properties in the third quarter valued at $572,000. Finally, Foresight Group Ltd Liability Partnership purchased a new position in shares of Healthpeak Properties in the third quarter valued at $33,212,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 1.6 %

NYSE:DOC opened at $22.33 on Wednesday. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The stock has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $21.20. 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 released its quarterly earnings data 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). The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business's revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. 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 was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.37%. Healthpeak Properties's payout ratio is currently 255.32%.

Analysts Set New Price Targets

DOC has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Scotiabank raised their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.86.

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.