Heitman Real Estate Securities LLC Invests $69.12 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Heitman Real Estate Securities LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,022,208 shares of the real estate investment trust’s stock, valued at approximately $69,118,000. Healthpeak Properties makes up approximately 3.8% of Heitman Real Estate Securities LLC’s holdings, making the stock its 7th largest position. Heitman Real Estate Securities LLC owned approximately 0.43% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Healthpeak Properties Trading Down 1.6 %

NYSE DOC opened at $21.65 on Tuesday. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. 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 cap of $15.14 billion, a PE ratio of 46.05, a PEG ratio of 2.45 and a beta of 1.13. The stock has a 50 day moving average of $22.17 and a 200-day moving average of $21.26.

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 analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business 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. This represents a $1.20 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.