Wellington Management Group LLP Purchases Shares of 69,910 Healthpeak Properties, Inc. (NYSE:DOC)

Wellington Management Group LLP purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 69,910 shares of the real estate investment trust's stock, valued at approximately $1,599,000.

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

Wall Street Analyst Weigh In

DOC has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Finally, Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and an average price target of $22.93.

Healthpeak Properties Trading Down 1.1 %

NYSE DOC traded down $0.22 on Thursday, reaching $19.76. 6,219,043 shares of the company were exchanged, compared to its average volume of 5,629,382. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. 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's fifty day moving average price is $21.86 and its 200 day moving average price is $21.39. The stock has a market capitalization of $13.82 billion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. During the same period in the prior year, the company posted $0.45 EPS. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 6.07%. Healthpeak Properties's dividend payout ratio (DPR) is 255.32%.

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.