Asset Management One Co. Ltd. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Asset Management One Co. Ltd. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,308,881 shares of the real estate investment trust’s stock, valued at approximately $29,934,000.

A number of other hedge funds also recently made changes to their positions in DOC. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $33,212,000. Atomi Financial Group Inc. acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $399,000. Pensionfund Sabic acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $2,556,000. Mirador Capital Partners LP acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $737,000. Finally, Sarasin & Partners LLP acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $10,425,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.4 %

Shares of NYSE:DOC opened at $21.99 on Tuesday. The firm has a fifty day moving average of $22.29 and a two-hundred day moving average of $20.86. The firm has a market capitalization of $15.38 billion, a P/E ratio of 46.79, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13. Healthpeak Properties, Inc. has a 12-month low of $15.44 and a 12-month high of $23.26. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

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 (EPS) 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 business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period in the previous year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s payout ratio is presently 255.32%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird raised 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. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Wedbush lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

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.