57,373 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by US Bancorp DE

US Bancorp DE acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,373 shares of the real estate investment trust's stock, valued at approximately $1,312,000.

A number of other large investors also recently made changes to their positions in the company. HM Payson & Co. purchased a new position in Healthpeak Properties during the third quarter valued at approximately $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $32,000. Finally, Barrett & Company Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth $33,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock traded up $0.29 on Friday, hitting $22.85. 1,653,475 shares of the company traded hands, compared to its average volume of 5,730,776. The stock has a market capitalization of $15.98 billion, a P/E ratio of 48.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a 52 week low of $15.44 and a 52 week high of $23.26. The business has a 50-day simple moving average of $22.31 and a 200 day simple moving average of $20.91.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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 return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period in the previous year, the company posted $0.45 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. Research analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.25%. Healthpeak Properties's dividend payout ratio is presently 255.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 9th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Evercore ISI upped their target price 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. Wedbush upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.86.

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.