Healthcare of Ontario Pension Plan Trust Fund Has $12.30 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 538,010 shares of the real estate investment trust’s stock after purchasing an additional 77,584 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of Healthpeak Properties worth $12,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Glenmede Trust Co. NA acquired a new position in shares of Healthpeak Properties in the third quarter valued at $359,000. Freedom Investment Management Inc. acquired a new position in shares of Healthpeak Properties in the third quarter valued at $409,000. RS Crum Inc. acquired a new position in shares of Healthpeak Properties in the third quarter valued at $441,000. Townsquare Capital LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at $226,000. Finally, Avestar Capital LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at $247,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOC has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Evercore ISI boosted their target price 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 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Down 0.4 %

DOC stock opened at $22.24 on Friday. The stock has a market capitalization of $15.56 billion, a P/E ratio of 47.32, a price-to-earnings-growth ratio of 2.45 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. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The firm has a 50-day moving average price of $22.18 and a 200-day moving average price of $21.21.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.40%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 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.