68,576 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent filing with the SEC. The firm acquired 68,576 shares of the real estate investment trust’s stock, valued at approximately $1,568,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new position in shares of Healthpeak Properties during the third quarter worth $1,880,000. Swedbank AB bought a new stake in Healthpeak Properties in the 3rd quarter valued at $1,832,000. Associated Banc Corp bought a new position in Healthpeak Properties during the 3rd quarter worth about $10,559,000. Pathstone Holdings LLC bought a new stake in shares of Healthpeak Properties in the third quarter valued at about $1,968,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Healthpeak Properties during the third quarter worth about $9,361,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on DOC shares. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Scotiabank raised their price target on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Healthpeak Properties Stock Up 1.5 %

DOC opened at $21.70 on Tuesday. 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 stock has a fifty day moving average of $22.04 and a 200-day moving average of $21.32. 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 market capitalization of $15.17 billion, a P/E ratio of 46.16, a P/E/G ratio of 2.38 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its earnings results 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). The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid 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 yield of 5.53%. Healthpeak Properties’s payout ratio 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.