1,419,771 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,419,771 shares of the real estate investment trust's stock, valued at approximately $32,470,000. Victory Capital Management Inc. owned approximately 0.20% of Healthpeak Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $102,615,000. abrdn plc purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $62,670,000. Douglas Lane & Associates LLC purchased a new stake in Healthpeak Properties in the 3rd quarter valued at $33,947,000. Foresight Group Ltd Liability Partnership acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $33,212,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $29,934,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of DOC traded down $0.39 during midday trading on Friday, reaching $20.86. The stock had a trading volume of 7,300,788 shares, compared to its average volume of 6,440,033. The firm's 50 day moving average price is $22.26 and its 200-day moving average price is $21.06. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a market capitalization of $14.59 billion, a P/E ratio of 44.38, a P/E/G ratio of 2.32 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 (NYSE:DOC - Get Free Report) last issued 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 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 the consensus estimate of $682.51 million. During the same quarter last year, the firm posted $0.45 earnings per share. Healthpeak Properties's revenue was up 25.9% compared to the same quarter last year. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties's payout ratio is 255.32%.

Analyst Ratings Changes

Several equities analysts have issued reports on DOC shares. Scotiabank boosted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Evercore ISI raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.86.

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.