Pathstone Holdings LLC Purchases Shares of 86,052 Healthpeak Properties, Inc. (NYSE:DOC)

Pathstone Holdings LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 86,052 shares of the real estate investment trust’s stock, valued at approximately $1,968,000.

Several other large investors have also made changes to their positions in DOC. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties during the third quarter worth about $102,615,000. abrdn plc acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $62,670,000. Swiss National Bank purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $47,774,000. Douglas Lane & Associates LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $33,947,000. Finally, Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties in the third quarter valued at approximately $33,212,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOC has been the subject of several research reports. Citigroup boosted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Evercore ISI increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $22.33 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The firm’s 50-day simple moving average is $22.17 and its 200-day simple moving average is $21.18. The firm has a market cap of $15.62 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13.

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

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.