OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 52,289 Healthpeak Properties, Inc. (NYSE:DOC)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,289 shares of the real estate investment trust’s stock, valued at approximately $1,196,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DOC. GSA Capital Partners LLP bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $1,786,000. Harbour Investments Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter worth $1,156,000. Entropy Technologies LP purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $2,034,000. Versor Investments LP purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $2,504,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $146,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

DOC stock opened at $21.77 on Wednesday. Healthpeak Properties, Inc. has a 1 year low of $15.44 and a 1 year high of $23.26. The firm has a market capitalization of $15.23 billion, a P/E ratio of 46.32, a P/E/G ratio of 2.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50-day moving average is $22.32 and its two-hundred day moving average is $21.00.

Healthpeak Properties (NYSE:DOC) last issued its 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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. Analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DOC shares. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Evercore ISI increased their price objective 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 shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Finally, StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus target price 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.