QRG Capital Management Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,710 shares of the real estate investment trust's stock, valued at approximately $565,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foresight Group Ltd Liability Partnership acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $33,212,000. Private Advisor Group LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $405,000. Atomi Financial Group Inc. bought a new position in Healthpeak Properties during the 3rd quarter worth approximately $399,000. Nisa Investment Advisors LLC bought a new position in Healthpeak Properties during the 3rd quarter worth approximately $5,334,000. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $959,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently weighed in on DOC. Wells Fargo & Company reiterated an "equal weight" rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Evercore ISI increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Scotiabank raised their target price 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. Finally, StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.86.
Get Our Latest Stock Report on Healthpeak Properties
Healthpeak Properties Stock Up 0.9 %
DOC traded up $0.20 during trading on Friday, hitting $22.76. 3,908,435 shares of the company's stock were exchanged, compared to its average volume of 5,932,766. Healthpeak Properties, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $23.26. The stock has a market cap of $15.92 billion, a P/E ratio of 48.43, a PEG ratio of 2.49 and a beta of 1.13. The business's 50 day moving average is $22.32 and its two-hundred day moving average is $20.98. 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 earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company's revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, equities analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.
Healthpeak Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.27%. Healthpeak Properties's payout ratio is 255.32%.
About Healthpeak Properties
(
Free Report)
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.
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