Fiduciary Trust Co Invests $230,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Fiduciary Trust Co purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,077 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently modified their holdings of DOC. HM Payson & Co. purchased a new position in Healthpeak Properties in the third quarter worth approximately $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 1.1 %

Shares of Healthpeak Properties stock opened at $21.99 on Monday. 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 52-week low of $16.01 and a 52-week high of $23.26. The company has a market capitalization of $15.38 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.45 and a beta of 1.13. The company has a 50 day moving average of $22.18 and a 200 day moving average of $21.24.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) 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 firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the firm posted $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, research analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Citigroup lifted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada boosted 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

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.