Victory Capital Management Inc. Makes New $32.47 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Victory Capital Management Inc. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent filing with the SEC. The fund purchased 1,419,771 shares of the real estate investment trust’s stock, valued at approximately $32,470,000. Victory Capital Management Inc. owned about 0.20% of Healthpeak Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in Healthpeak Properties during the third quarter valued at $102,615,000. abrdn plc acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $62,670,000. Douglas Lane & Associates LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $33,947,000. Foresight Group Ltd Liability Partnership acquired a new stake in Healthpeak Properties during the third quarter worth about $33,212,000. Finally, Asset Management One Co. Ltd. bought a new position in Healthpeak Properties in the third quarter worth about $29,934,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Citigroup increased their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Wedbush raised their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

DOC opened at $20.86 on Friday. The business has a 50 day moving average price of $22.26 and a two-hundred day moving average price of $21.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

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 for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 5.75%. Healthpeak Properties’s dividend payout ratio is currently 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.