Meridian Investment Counsel Inc. Acquires Shares of 115,008 Healthpeak Properties, Inc. (NYSE:DOC)

Meridian Investment Counsel Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOCFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 115,008 shares of the real estate investment trust’s stock, valued at approximately $2,630,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $102,615,000. abrdn plc bought a new position in Healthpeak Properties in the 3rd quarter valued at $62,670,000. Douglas Lane & Associates LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at $33,947,000. Foresight Group Ltd Liability Partnership acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $33,212,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Healthpeak Properties during the third quarter worth $32,470,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOC has been the subject of a number of research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Robert W. Baird upped their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Citigroup raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Evercore ISI upped 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, Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Get Our Latest Stock Report on Healthpeak Properties

Healthpeak Properties Stock Performance

Shares of DOC opened at $20.86 on Friday. The firm’s 50 day moving average price is $22.29 and its two-hundred day moving average price is $21.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The firm has a market cap of $14.59 billion, a P/E ratio of 44.38, a PEG ratio of 2.41 and a beta of 1.13.

Healthpeak Properties (NYSE:DOCGet Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share 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 analyst estimates of $682.51 million. During the same period in the previous 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. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Healthpeak Properties Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Healthpeak Properties (NYSE:DOC)

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