Weiss Asset Management LP Makes New $2.65 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Weiss Asset Management LP bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 115,792 shares of the real estate investment trust's stock, valued at approximately $2,648,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans bought a new stake in shares of Healthpeak Properties during the third quarter worth $1,880,000. Swedbank AB bought a new stake in shares of Healthpeak Properties in the third quarter valued at about $1,832,000. Associated Banc Corp purchased a new stake in Healthpeak Properties in the third quarter worth about $10,559,000. Pathstone Holdings LLC purchased a new stake in Healthpeak Properties in the third quarter worth about $1,968,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Healthpeak Properties in the third quarter worth about $9,361,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Performance

NYSE:DOC traded down $0.11 during midday trading on Friday, hitting $21.38. The company's stock had a trading volume of 3,822,934 shares, compared to its average volume of 4,769,900. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The firm's 50 day moving average is $22.07 and its 200-day moving average is $21.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $14.95 billion, a P/E ratio of 45.49, a P/E/G ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. During the same quarter in the prior year, the company posted $0.45 EPS. The company's revenue for the quarter was up 25.9% on a year-over-year basis. Equities analysts anticipate 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. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.61%. Healthpeak Properties's dividend payout ratio (DPR) is 255.32%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Mizuho lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.