Atlantic Union Bankshares Corp Purchases Shares of 16,091 Healthpeak Properties, Inc. (NYSE:DOC)

Atlantic Union Bankshares Corp purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, HoldingsChannel reports. The institutional investor purchased 16,091 shares of the real estate investment trust’s stock, valued at approximately $368,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Associated Banc Corp purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $10,559,000. Harbour Investments Inc. purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $1,156,000. Thrivent Financial for Lutherans acquired a new position in Healthpeak Properties in the 3rd quarter worth approximately $1,880,000. Moors & Cabot Inc. purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $572,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $9,361,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of research reports. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Evercore ISI raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Stock Performance

DOC opened at $21.99 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $22.18 and its 200 day moving average price is $21.23. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The firm has a market capitalization of $15.38 billion, a PE ratio of 46.79, a PEG ratio of 2.48 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. 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.