Robeco Institutional Asset Management B.V. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Robeco Institutional Asset Management B.V. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 609,156 shares of the real estate investment trust's stock, valued at approximately $13,931,000. Robeco Institutional Asset Management B.V. owned 0.09% of Healthpeak Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. abrdn plc bought a new position in Healthpeak Properties in the 3rd quarter valued at $62,670,000. Douglas Lane & Associates LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $33,212,000. Raymond James & Associates purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $25,711,000. Finally, Presima Securities ULC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $22,465,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOC. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday. Citigroup lifted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and raised their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Evercore ISI upped their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, Scotiabank boosted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.86.

Healthpeak Properties Price Performance

DOC traded up $0.22 during midday trading on Thursday, hitting $22.55. 4,317,826 shares of the company traded hands, compared to its average volume of 5,740,487. The business has a 50 day simple moving average of $22.30 and a two-hundred day simple moving average of $20.90. Healthpeak Properties, Inc. has a 52-week low of $15.44 and a 52-week high of $23.26. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 2.45 and a beta of 1.13. 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 issued its quarterly 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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company's quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company 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 is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.32%. 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.