Verition Fund Management LLC Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Verition Fund Management LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 523,301 shares of the real estate investment trust’s stock, valued at approximately $11,968,000.

Several other institutional investors also recently bought and sold shares of the stock. Associated Banc Corp bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $10,559,000. Thrivent Financial for Lutherans acquired a new position in Healthpeak Properties during the 3rd quarter worth $1,880,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Healthpeak Properties during the third quarter valued at about $9,361,000. Swedbank AB bought a new stake in Healthpeak Properties during the third quarter valued at about $1,832,000. Finally, Pathstone Holdings LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $1,968,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $21.99 on Friday. The business has a 50 day simple moving average of $22.18 and a 200 day simple moving average of $21.24. 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 has a market capitalization of $15.38 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) 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 the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

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