Quantbot Technologies LP Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Quantbot Technologies LP purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 76,652 shares of the real estate investment trust’s stock, valued at approximately $1,753,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Associated Banc Corp bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $10,559,000. Harbour Investments Inc. acquired a new position in Healthpeak Properties during the 3rd quarter worth $1,156,000. Thrivent Financial for Lutherans bought a new stake in Healthpeak Properties during the third quarter valued at about $1,880,000. Moors & Cabot Inc. acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $572,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Healthpeak Properties in the third quarter worth about $9,361,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Robert W. Baird upped their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised their price target 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. Finally, Evercore ISI upped their price objective 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 analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Trading Down 1.1 %

DOC stock opened at $21.99 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $15.38 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.48 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The business’s 50 day moving average is $22.18 and its 200-day moving average is $21.23.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share 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 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 quarter last year, the company earned $0.45 earnings per share. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

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.