RS Crum Inc. Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

RS Crum Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 19,269 shares of the real estate investment trust’s stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $230,988,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Healthpeak Properties in the 3rd quarter worth about $102,615,000. FMR LLC purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $67,058,000. abrdn plc bought a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $62,670,000. Finally, Swiss National Bank purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $47,774,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOC. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Scotiabank boosted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Wells Fargo & Company restated an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Up 1.6 %

Healthpeak Properties stock opened at $22.33 on Wednesday. The firm has a 50 day simple moving average of $22.18 and a 200 day simple moving average of $21.20. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 2.45 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its quarterly 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). The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Healthpeak Properties 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.