Fifth Third Wealth Advisors LLC Buys 7,941 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Fifth Third Wealth Advisors LLC grew its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 62.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,670 shares of the real estate investment trust’s stock after purchasing an additional 7,941 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Healthpeak Properties were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. State Street Corp bought a new stake in Healthpeak Properties in the third quarter worth $1,093,576,000. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $403,898,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth about $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Healthpeak Properties during the 3rd quarter valued at about $102,615,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Mizuho reduced their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.15.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.69 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The company’s fifty day moving average price is $20.94 and its 200-day moving average price is $21.48. The firm has a market capitalization of $14.47 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.81 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is 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.