Public Employees Retirement System of Ohio Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Public Employees Retirement System of Ohio acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,277,899 shares of the real estate investment trust’s stock, valued at approximately $29,226,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Groupama Asset Managment purchased a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $37,000. Nomura Asset Management Co. Ltd. acquired a new position in Healthpeak Properties in the third quarter valued at $25,317,000. Y Intercept Hong Kong Ltd acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $2,018,000. MML Investors Services LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $3,863,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $5,952,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Scotiabank increased their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Healthpeak Properties Stock Performance

NYSE DOC opened at $21.70 on Tuesday. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 46.16, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $21.32. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 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 for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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 dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.53%. 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.