757,455 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Nuance Investments LLC

Nuance Investments LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 757,455 shares of the real estate investment trust’s stock, valued at approximately $17,323,000. Nuance Investments LLC owned approximately 0.11% of Healthpeak Properties as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. 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. Evercore ISI increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wedbush boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. 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 report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Trading Up 2.6 %

Shares of NYSE DOC opened at $21.41 on Wednesday. The business has a fifty day moving average price of $22.24 and a 200 day moving average price of $21.09. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. 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 stock has a market capitalization of $14.97 billion, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last posted 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 analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. Equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued 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 5.61%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Healthpeak Properties Company 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.