Principal Financial Group Inc. Takes $18.74 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Principal Financial Group Inc. purchased 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 filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 819,240 shares of the real estate investment trust's stock, valued at approximately $18,736,000. Principal Financial Group Inc. owned approximately 0.12% of Healthpeak Properties at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DOC. HM Payson & Co. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties during the third quarter worth about $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties in the 3rd quarter worth about $29,000. Fortitude Family Office LLC purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded down $0.18 during mid-day trading on Friday, hitting $20.08. The company had a trading volume of 2,716,004 shares, compared to its average volume of 5,608,225. 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, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 42.72, a P/E/G ratio of 2.37 and a beta of 1.13. The stock's 50-day moving average price is $21.64 and its 200-day moving average price is $21.40.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the business earned $0.45 EPS. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.98%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

DOC has been the subject of several recent analyst reports. Evercore ISI upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Finally, Mizuho decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.62.

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.