Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by Huntington National Bank

Huntington National Bank lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2,022,900.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 20,230 shares of the real estate investment trust’s stock after buying an additional 20,229 shares during the period. Huntington National Bank’s holdings in Healthpeak Properties were worth $463,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DOC. Citigroup lifted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Evercore ISI upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Wedbush increased their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One equities research 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 presently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Down 1.8 %

Shares of DOC opened at $20.86 on Friday. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company’s fifty day moving average is $22.26 and its two-hundred day moving average is $21.04. The firm has a market cap of $14.59 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.41 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 (NYSE:DOC) last released 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 firm had revenue of $700.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. Analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend 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.