12,133 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by Arjuna Capital

Arjuna Capital purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 12,133 shares of the real estate investment trust’s stock, valued at approximately $277,000.

Several other institutional investors have also bought and sold shares of DOC. Sumitomo Mitsui Trust Group Inc. bought a new stake in Healthpeak Properties during the third quarter worth $102,615,000. abrdn plc bought a new stake in Healthpeak Properties during the third quarter worth $62,670,000. Douglas Lane & Associates LLC purchased a new position in Healthpeak Properties in the third quarter worth $33,947,000. Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties in the third quarter worth $33,212,000. Finally, Victory Capital Management Inc. purchased a new position in Healthpeak Properties in the third quarter worth $32,470,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC traded up $0.26 during trading on Wednesday, reaching $22.05. 395,365 shares of the company were exchanged, compared to its average volume of 5,706,310. The company’s 50-day moving average is $22.32 and its two-hundred day moving average is $21.00. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 46.32, a P/E/G ratio of 2.49 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 12-month low of $16.01 and a 12-month high of $23.26.

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 business had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. Research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.44%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOC. Scotiabank boosted their price objective 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. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Wedbush boosted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

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.