Teachers Retirement System of The State of Kentucky bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,856 shares of the real estate investment trust's stock, valued at approximately $1,255,000.
Several other hedge funds have also recently modified their holdings of DOC. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties during the third quarter worth $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter worth $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 93.57% of the company's stock.
DOC has been the topic of several research reports. 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 research report on Thursday, August 22nd. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Evercore ISI upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and an average price target of $22.93.
Read Our Latest Research Report on DOC
Shares of NYSE DOC opened at $20.87 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $21.92 and a 200 day moving average price of $21.39. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13.
Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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 return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the firm earned $0.45 EPS. The company's quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.75%. Healthpeak Properties's dividend payout ratio is currently 255.32%.
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.
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