Gilbert & Cook Inc. Purchases New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Gilbert & Cook Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,402 shares of the real estate investment trust’s stock, valued at approximately $284,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Healthpeak Properties during the third quarter valued at about $102,615,000. abrdn plc purchased a new stake in Healthpeak Properties during the third quarter valued at about $62,670,000. Swiss National Bank purchased a new stake in Healthpeak Properties during the third quarter valued at about $47,774,000. Douglas Lane & Associates LLC purchased a new stake in Healthpeak Properties during the third quarter valued at about $33,947,000. Finally, Foresight Group Ltd Liability Partnership purchased a new stake in Healthpeak Properties during the third quarter valued at about $33,212,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 1.8 %

Shares of DOC opened at $20.86 on Monday. The firm’s 50 day simple moving average is $22.26 and its 200 day simple moving average is $21.06. 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, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given 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 currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of several recent research reports. Royal Bank of Canada upped 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, November 4th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Citigroup increased their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Robert W. Baird increased their price target 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. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock 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.