52,289 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 52,289 shares of the real estate investment trust’s stock, valued at approximately $1,196,000.

Several other large investors also recently bought and sold shares of DOC. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties during the third quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Healthpeak Properties during the third quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DOC. Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Wedbush upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Scotiabank raised their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Evercore ISI upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reiterated 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. One equities research 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. According to MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

NYSE DOC opened at $21.77 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $23.26. The business has a fifty day moving average of $22.32 and a 200-day moving average of $21.00. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 46.32, a price-to-earnings-growth ratio of 2.54 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 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s payout ratio is 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.