CIBC Asset Management Inc Acquires Shares of 98,430 Healthpeak Properties, Inc. (NYSE:DOC)

CIBC Asset Management Inc bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, Holdings Channel.com reports. The fund bought 98,430 shares of the real estate investment trust’s stock, valued at approximately $2,251,000.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in Healthpeak Properties during the third quarter worth $102,615,000. abrdn plc bought a new stake in shares of Healthpeak Properties during the third quarter worth about $62,670,000. Douglas Lane & Associates LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership bought a new position in Healthpeak Properties in the 3rd quarter valued at about $33,212,000. Finally, Victory Capital Management Inc. acquired a new position in Healthpeak Properties during the 3rd quarter valued at about $32,470,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Robert W. Baird increased their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $21.41 on Wednesday. The company has a market capitalization of $14.97 billion, a P/E ratio of 45.54, a P/E/G ratio of 2.32 and a beta of 1.13. The business has a fifty day simple moving average of $22.24 and a two-hundred day simple moving average of $21.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data 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 return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 25.9% compared to the same quarter last year. On average, analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is currently 255.32%.

About Healthpeak Properties

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.