Geode Capital Management LLC Acquires Shares of 17,717,760 Healthpeak Properties, Inc. (NYSE:DOC)

Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,717,760 shares of the real estate investment trust’s stock, valued at approximately $403,898,000. Geode Capital Management LLC owned about 2.53% of Healthpeak Properties at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. acquired a new position in Healthpeak Properties in the 3rd quarter worth $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in Healthpeak Properties during the third quarter worth $29,000. Fortitude Family Office LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth approximately $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the third quarter valued at about $33,000. 93.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DOC. Evercore ISI lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Scotiabank upped their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Healthpeak Properties Stock Down 0.8 %

Shares of Healthpeak Properties stock opened at $20.76 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The company has a market cap of $14.52 billion, a P/E ratio of 44.17, a PEG ratio of 2.37 and a beta of 1.13. The company’s fifty day simple moving average is $21.94 and its two-hundred day simple moving average is $21.35.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is presently 255.32%.

Healthpeak Properties Company 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.