BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Invests $2.69 Million in Healthpeak Properties, Inc. (NYSE:DOC)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,417 shares of the real estate investment trust’s stock, valued at approximately $2,685,000.

Several other large investors have also bought and sold shares of the stock. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $25,000. S.A. Mason LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in Healthpeak Properties during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $33,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DOC. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Royal Bank of Canada lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company restated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Scotiabank lifted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $21.30 on Thursday. The company has a market cap of $14.90 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The business has a 50 day moving average price of $22.11 and a 200-day moving average price of $21.27.

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 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 company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same quarter last year, the business posted $0.45 earnings per share. Healthpeak Properties’s revenue was up 25.9% on a year-over-year basis. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.63%. Healthpeak Properties’s dividend payout ratio (DPR) 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.