Point72 Asia Singapore Pte. Ltd. Acquires 29,247 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Point72 Asia Singapore Pte. Ltd. grew its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 873.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,595 shares of the real estate investment trust’s stock after purchasing an additional 29,247 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Healthpeak Properties were worth $745,000 as of its most recent SEC filing.

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

Healthpeak Properties Stock Performance

Shares of DOC opened at $21.99 on Monday. 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 company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 2.45 and a beta of 1.13. The stock has a 50 day moving average of $22.18 and a 200 day moving average of $21.24. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month 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). 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 for the quarter, compared to the consensus estimate of $682.51 million. During the same period last year, the company posted $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DOC shares. Citigroup raised their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Evercore ISI raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Company Profile

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.