Swedbank AB Invests $1.83 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Swedbank AB bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, HoldingsChannel reports. The fund bought 80,087 shares of the real estate investment trust’s stock, valued at approximately $1,832,000.

A number of other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in Healthpeak Properties during the third quarter valued at $1,463,000. Cerity Partners LLC acquired a new stake in Healthpeak Properties during the third quarter valued at $5,051,000. Citigroup Inc. acquired a new stake in Healthpeak Properties during the third quarter valued at $14,154,000. Raymond James Trust N.A. acquired a new stake in Healthpeak Properties during the third quarter valued at $581,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties during the third quarter valued at $230,988,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of research reports. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Evercore ISI raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Trading Down 0.4 %

Healthpeak Properties stock opened at $22.23 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The business’s 50-day simple moving average is $22.18 and its 200-day simple moving average is $21.20. The firm has a market capitalization of $15.55 billion, a PE ratio of 47.30, a PEG ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business 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 quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 5.40%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

About Healthpeak Properties

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.