Toronto Dominion Bank Invests $8 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Toronto Dominion Bank bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 349,933 shares of the real estate investment trust's stock, valued at approximately $8,003,000. Toronto Dominion Bank owned about 0.05% of Healthpeak Properties as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. HM Payson & Co. acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $25,000. S.A. Mason LLC bought a new position in shares of Healthpeak Properties during the 3rd quarter valued at about $26,000. Rise Advisors LLC acquired a new position in Healthpeak Properties in the third quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $33,000. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on DOC shares. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Mizuho lowered their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Citigroup raised their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus target price of $22.93.

Healthpeak Properties Trading Down 0.8 %

Shares of Healthpeak Properties stock traded down $0.17 during trading on Friday, reaching $20.76. 7,231,713 shares of the company were exchanged, compared to its average volume of 5,650,051. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 44.17, a P/E/G ratio of 2.37 and a beta of 1.13. The business has a 50-day moving average price of $21.94 and a 200-day moving average price of $21.38.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced 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). The business had revenue of $700.40 million for 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 business's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.78%. Healthpeak Properties's dividend payout ratio is presently 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.