Chevy Chase Trust Holdings LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 377,337 shares of the real estate investment trust's stock, valued at approximately $8,630,000. Chevy Chase Trust Holdings LLC owned 0.05% of Healthpeak Properties as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Cinctive Capital Management LP purchased a new position in shares of Healthpeak Properties in the third quarter worth about $14,555,000. Benjamin Edwards Inc. purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $607,000. Bamco Inc. NY bought a new stake in Healthpeak Properties in the third quarter valued at approximately $6,851,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Healthpeak Properties by 873.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 32,595 shares of the real estate investment trust's stock valued at $745,000 after purchasing an additional 29,247 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $739,000. 93.57% of the stock is owned by institutional investors.
DOC has been the subject of several analyst reports. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Robert W. Baird upped their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.00.
Get Our Latest Analysis on Healthpeak Properties
NYSE:DOC opened at $21.49 on Friday. The firm has a market capitalization of $15.03 billion, a P/E ratio of 45.71, a PEG ratio of 2.39 and a beta of 1.13. 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, Inc. has a one year low of $16.01 and a one year high of $23.26. The company's 50-day simple moving average is $22.09 and its 200 day simple moving average is $21.27.
Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly 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 company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.
The business 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 was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.59%. Healthpeak Properties's payout ratio is presently 255.32%.
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.
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