Point72 Hong Kong Ltd Acquires Shares of 32,314 Healthpeak Properties, Inc. (NYSE:DOC)

Point72 Hong Kong Ltd bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,314 shares of the real estate investment trust’s stock, valued at approximately $739,000.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties in the second quarter worth about $66,000. Point72 DIFC Ltd purchased a new stake in shares of Healthpeak Properties in the 2nd quarter worth approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Healthpeak Properties during the 2nd quarter valued at approximately $9,024,000. Centaurus Financial Inc. bought a new position in Healthpeak Properties during the 2nd quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in Healthpeak Properties during the third quarter valued at $108,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

NYSE DOC opened at $21.65 on Tuesday. The company has a 50-day moving average price of $22.17 and a 200-day moving average price of $21.26. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. 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 firm has a market capitalization of $15.14 billion, a P/E ratio of 46.05, a PEG ratio of 2.45 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its 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 business had revenue of $700.40 million for 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 firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 yield of 5.54%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DOC shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Scotiabank raised their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Citigroup boosted 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $22.86.

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.