PNC Financial Services Group Inc. Buys Shares of 176,235 Healthpeak Properties, Inc. (NYSE:DOC)

PNC Financial Services Group Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 176,235 shares of the real estate investment trust's stock, valued at approximately $4,030,000.

Other institutional investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Healthpeak Properties in the third quarter valued at about $2,367,000. Equita Financial Network Inc. acquired a new position in shares of Healthpeak Properties during the third quarter valued at $1,636,000. Pathstone Holdings LLC acquired a new stake in Healthpeak Properties in the third quarter worth about $1,968,000. Napa Wealth Management acquired a new position in Healthpeak Properties during the 3rd quarter valued at about $316,000. Finally, MAI Capital Management bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $497,000. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DOC shares. Wells Fargo & Company restated an "equal weight" rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 9th. Royal Bank of Canada increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Wedbush increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.86.

Healthpeak Properties Stock Up 1.7 %

DOC traded up $0.37 during trading hours on Monday, hitting $21.99. 7,006,883 shares of the company's stock were exchanged, compared to its average volume of 5,727,679. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 2.41 and a beta of 1.13. The stock's 50-day moving average is $22.18 and its two-hundred day moving average is $21.16. 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 1-year low of $16.01 and a 1-year high of $23.26.

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. Sell-side 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 declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.46%. Healthpeak Properties's payout ratio is currently 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.