7,682,438 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, HoldingsChannel reports. The fund purchased 7,682,438 shares of the real estate investment trust’s stock, valued at approximately $175,697,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new position in Healthpeak Properties in the third quarter worth about $230,988,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $102,615,000. FMR LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $67,058,000. abrdn plc purchased a new stake in Healthpeak Properties during the 3rd quarter valued at $62,670,000. Finally, Swiss National Bank bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth $47,774,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DOC. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. 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 report on Tuesday, October 1st. Finally, Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

Shares of DOC opened at $21.99 on Friday. The business has a 50-day simple moving average of $22.18 and a two-hundred day simple moving average of $21.24. 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 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 2.48 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s revenue was up 25.9% compared to the same quarter last year. On average, analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. Healthpeak Properties’s payout ratio is 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.