Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1,569.7% during the third quarter, Holdings Channel reports. The institutional investor owned 118,500 shares of the real estate investment trust’s stock after acquiring an additional 111,403 shares during the period. Point72 Asset Management L.P.’s holdings in Healthpeak Properties were worth $2,710,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

DOC has been the topic of several recent research reports. 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. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Citigroup boosted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $21.70 on Tuesday. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The stock’s 50-day moving average is $22.04 and its two-hundred day moving average is $21.32. 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 firm has a market cap of $15.17 billion, a P/E ratio of 46.16, a PEG ratio of 2.38 and a beta of 1.13.

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). The business 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%. Healthpeak Properties’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 EPS. Analysts predict 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. Investors of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 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.