123,215 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 123,215 shares of the real estate investment trust’s stock, valued at approximately $2,818,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOC. Thrivent Financial for Lutherans acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $1,880,000. Associated Banc Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $10,559,000. Pathstone Holdings LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $1,968,000. Swedbank AB acquired a new position in Healthpeak Properties in the 3rd quarter worth about $1,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Healthpeak Properties during the third quarter worth approximately $9,361,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.6 %

NYSE DOC opened at $21.52 on Wednesday. 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 stock has a market capitalization of $15.05 billion, a P/E ratio of 45.78, a PEG ratio of 2.41 and a beta of 1.13. The firm’s 50-day moving average is $22.14 and its two-hundred day moving average is $21.27. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued 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 analyst estimates of $682.51 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.58%. Healthpeak Properties’s payout ratio is presently 255.32%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DOC. Evercore ISI 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 report on Monday, September 16th. Citigroup raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Robert W. Baird boosted their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. 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 research report on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.