State Street Corp Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

State Street Corp acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, HoldingsChannel reports. The firm acquired 47,817,056 shares of the real estate investment trust’s stock, valued at approximately $1,093,576,000. State Street Corp owned 0.07% of Healthpeak Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties during the third quarter worth approximately $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $21.38 on Friday. The stock has a market cap of $14.95 billion, a PE ratio of 45.49, a PEG ratio of 2.37 and a beta of 1.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average is $22.07 and its 200 day moving average is $21.29.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results 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). The firm 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 company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of research reports. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Robert W. Baird raised their price target 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. Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday. 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. Finally, Evercore ISI raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $23.00.

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.