Zurcher Kantonalbank Zurich Cantonalbank Takes $19.18 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, Holdings Channel.com reports. The firm acquired 838,533 shares of the real estate investment trust’s stock, valued at approximately $19,177,000.

Several other institutional investors have also recently made changes to their positions in DOC. MetLife Investment Management LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $4,672,000. CreativeOne Wealth LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $210,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Healthpeak Properties by 16.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 538,010 shares of the real estate investment trust’s stock worth $12,304,000 after acquiring an additional 77,584 shares during the period. Glenmede Trust Co. NA purchased a new position in Healthpeak Properties during the third quarter valued at approximately $359,000. Finally, Freedom Investment Management Inc. acquired a new position in Healthpeak Properties in the third quarter valued at approximately $409,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOC. Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research report on Monday, October 21st. Robert W. Baird upped their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. 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 NYSE:DOC opened at $21.99 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. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The firm has a market capitalization of $15.38 billion, a PE ratio of 46.79, a P/E/G ratio of 2.48 and a beta of 1.13. The business’s 50 day moving average price is $22.18 and its 200-day moving average price is $21.23.

Healthpeak Properties (NYSE:DOC) last announced its earnings results 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). The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

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. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.46%. Healthpeak Properties’s payout ratio is 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.