Sanctuary Advisors LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 103,198 shares of the real estate investment trust's stock, valued at approximately $2,231,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Healthpeak Properties during the second quarter worth $66,000. Point72 DIFC Ltd purchased a new position in Healthpeak Properties during the second quarter worth about $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Healthpeak Properties during the second quarter worth about $9,024,000. Centaurus Financial Inc. acquired a new stake in Healthpeak Properties in the 2nd quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $108,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
DOC has been the topic of several recent analyst reports. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 9th. Evercore ISI boosted their price objective on shares of 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 increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price target on 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.93.
Check Out Our Latest Report on Healthpeak Properties
NYSE DOC opened at $19.98 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The business has a 50 day moving average price of $21.86 and a two-hundred day moving average price of $21.39. The stock has a market cap of $13.97 billion, a PE ratio of 42.51, a P/E/G ratio of 2.37 and a beta of 1.13.
Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share 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 firm had revenue of $700.40 million during the quarter, compared to analysts' expectations of $682.51 million. During the same quarter last year, the company posted $0.45 earnings per share. Healthpeak Properties's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 6.01%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's payout ratio is 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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