299,579 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Bamco Inc. NY

Bamco Inc. NY bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 299,579 shares of the real estate investment trust’s stock, valued at approximately $6,851,000.

A number of other institutional investors have also bought and sold shares of the business. HM Payson & Co. purchased a new stake in Healthpeak Properties in the third quarter valued at $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $26,000. Rise Advisors LLC acquired a new position in Healthpeak Properties in the third quarter valued at about $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties during the third quarter worth about $32,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $21.52 on Wednesday. The company has a market cap of $15.05 billion, a P/E ratio of 45.78, a PEG ratio of 2.41 and a beta of 1.13. The firm has a fifty day moving average price of $22.14 and a 200 day moving average price of $21.27. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month 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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue was up 25.9% compared to the same quarter last year. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business 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 5.58%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird boosted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Scotiabank lifted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.86.

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.