Swedbank AB Invests $1.83 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Swedbank AB purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 80,087 shares of the real estate investment trust’s stock, valued at approximately $1,832,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Healthpeak Properties in the 2nd quarter valued at approximately $66,000. Point72 DIFC Ltd acquired a new stake in Healthpeak Properties in the 2nd quarter valued at approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Healthpeak Properties in the 2nd quarter valued at approximately $9,024,000. Centaurus Financial Inc. acquired a new stake in Healthpeak Properties in the 2nd quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $108,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup raised their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

DOC opened at $22.23 on Thursday. The firm has a market cap of $15.55 billion, a PE ratio of 47.30, a P/E/G ratio of 2.45 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. The business has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $21.20. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26.

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 company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

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 $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.40%. Healthpeak Properties’s dividend payout ratio (DPR) 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.