Daiwa Securities Group Inc. Purchases Shares of 327,921 Healthpeak Properties, Inc. (NYSE:DOC)

Daiwa Securities Group Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, Holdings Channel reports. The fund bought 327,921 shares of the real estate investment trust’s stock, valued at approximately $7,500,000.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DOC shares. Wedbush lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Royal Bank of Canada raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Evercore ISI raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. 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. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $21.99 on Tuesday. 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 twelve month low of $16.01 and a twelve month high of $23.26. The stock’s 50 day moving average is $22.18 and its 200-day moving average is $21.16. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 2.41 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS 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 analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

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