Zurich Insurance Group Ltd FI Invests $40.78 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Zurich Insurance Group Ltd FI bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,783,213 shares of the real estate investment trust’s stock, valued at approximately $40,782,000. Zurich Insurance Group Ltd FI owned about 0.25% of Healthpeak Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOC. HM Payson & Co. bought a new position in Healthpeak Properties during the 3rd quarter worth approximately $25,000. S.A. Mason LLC bought a new position in shares of Healthpeak Properties during the third quarter worth $26,000. Rise Advisors LLC bought a new position in Healthpeak Properties during the third quarter worth about $29,000. Fortitude Family Office LLC bought a new position in Healthpeak Properties during the third quarter worth about $32,000. Finally, Barrett & Company Inc. bought a new position in Healthpeak Properties during the third quarter worth about $33,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.6 %

Shares of Healthpeak Properties stock opened at $21.37 on Friday. 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’s 50 day moving average is $22.07 and its 200-day moving average is $21.28. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The stock has a market cap of $14.94 billion, a P/E ratio of 45.46, a P/E/G ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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). The firm 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 last year, the company posted $0.45 earnings per share. Equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.62%. Healthpeak Properties’s dividend payout ratio is 255.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.