MetLife Investment Management LLC Acquires Shares of 204,264 Healthpeak Properties, Inc. (NYSE:DOC)

MetLife Investment Management LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 204,264 shares of the real estate investment trust’s stock, valued at approximately $4,672,000.

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

Healthpeak Properties Stock Down 1.1 %

Shares of NYSE DOC opened at $21.99 on Monday. The stock has a market capitalization of $15.38 billion, a P/E ratio of 46.79, a PEG ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The firm’s 50 day simple moving average is $22.18 and its two-hundred day simple moving average is $21.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last issued 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the previous year, the business earned $0.45 EPS. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of recent analyst reports. Robert W. Baird lifted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Citigroup raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Evercore ISI upped their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.