Van ECK Associates Corp Invests $7.40 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Van ECK Associates Corp bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 320,245 shares of the real estate investment trust's stock, valued at approximately $7,404,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Healthpeak Properties in the second quarter valued at approximately $66,000. Point72 DIFC Ltd acquired a new stake in shares of Healthpeak Properties in the second quarter valued at approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Healthpeak Properties in the 2nd quarter valued at $9,024,000. Centaurus Financial Inc. acquired a new stake in shares of Healthpeak Properties in the 2nd quarter worth $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $108,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DOC shares. Evercore ISI lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Citigroup raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Finally, Royal Bank of Canada raised 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.86.

Healthpeak Properties Stock Up 1.4 %

Healthpeak Properties stock traded up $0.32 during midday trading on Friday, hitting $22.88. The stock had a trading volume of 1,805,324 shares, compared to its average volume of 5,731,116. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $22.31 and a 200 day moving average price of $20.91. Healthpeak Properties, Inc. has a 12 month low of $15.44 and a 12 month high of $23.26. The stock has a market cap of $16.00 billion, a P/E ratio of 48.00, a P/E/G ratio of 2.45 and a beta of 1.13.

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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 25.9% on a year-over-year basis. Research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.24%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Healthpeak Properties Company 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.