Vestcor Inc Buys Shares of 79,015 Healthpeak Properties, Inc. (NYSE:DOC)

Vestcor Inc acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 79,015 shares of the real estate investment trust's stock, valued at approximately $1,807,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp purchased a new position in Healthpeak Properties in the third quarter valued at approximately $1,093,576,000. Charles Schwab Investment Management Inc. purchased a new position in Healthpeak Properties during the 3rd quarter worth $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $175,697,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $102,615,000. Finally, Heitman Real Estate Securities LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at $69,118,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Evercore ISI lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research note on Monday, September 9th. Wells Fargo & Company reduced their price target on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Robert W. Baird increased their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.93.

Healthpeak Properties Stock Performance

NYSE DOC traded down $0.34 during trading hours on Thursday, reaching $20.93. The company's stock had a trading volume of 3,729,258 shares, compared to its average volume of 5,642,951. 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 50-day simple moving average of $21.97 and a 200 day simple moving average of $21.33. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market cap of $14.64 billion, a PE ratio of 44.53, a PEG ratio of 2.38 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Equities research analysts predict 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 was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.73%. Healthpeak Properties's dividend payout ratio 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.