4,486,881 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought 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 Securities and Exchange Commission. The fund bought 4,486,881 shares of the real estate investment trust's stock, valued at approximately $102,615,000. Sumitomo Mitsui Trust Group Inc. owned approximately 0.64% of Healthpeak Properties as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of analyst reports. Wedbush lifted their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Evercore ISI raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

DOC traded down $0.27 during trading on Thursday, reaching $21.38. 1,653,543 shares of the company's stock were exchanged, compared to its average volume of 5,717,415. The company's fifty day simple moving average is $22.30 and its 200-day simple moving average is $21.03. The stock has a market capitalization of $14.95 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. 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 posted its quarterly 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). The business had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, research analysts predict 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is 255.32%.

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.