State of Alaska Department of Revenue Invests $10.86 Million in Healthpeak Properties, Inc. (NYSE:DOC)

State of Alaska Department of Revenue purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, Holdings Channel.com reports. The firm purchased 475,038 shares of the real estate investment trust’s stock, valued at approximately $10,861,000.

Other large investors have also recently made changes to their positions in the company. Foresight Group Ltd Liability Partnership bought a new stake in shares of Healthpeak Properties in the third quarter worth approximately $33,212,000. Atomi Financial Group Inc. bought a new stake in shares of Healthpeak Properties in the third quarter worth approximately $399,000. Pensionfund Sabic bought a new stake in shares of Healthpeak Properties in the third quarter worth approximately $2,556,000. Mirador Capital Partners LP purchased a new position in shares of Healthpeak Properties in the third quarter worth approximately $737,000. Finally, Sarasin & Partners LLP purchased a new position in shares of Healthpeak Properties in the third quarter worth approximately $10,425,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $22.29 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $23.26. The company has a market capitalization of $15.69 billion, a P/E ratio of 63.69, a P/E/G ratio of 3.30 and a beta of 1.14. The firm’s 50 day simple moving average is $22.26 and its two-hundred day simple moving average is $20.67.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. During the same period last year, the firm posted $0.45 EPS. Healthpeak Properties’s quarterly revenue was up 27.5% compared to the same quarter last year. Research analysts expect that Healthpeak Properties, Inc. will post 1.79 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DOC. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wedbush raised their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Evercore ISI raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.62.

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.