Healthpeak Properties, Inc. (NYSE:DOC) Shares Purchased by Huntington National Bank

Huntington National Bank boosted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2,022,900.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,230 shares of the real estate investment trust’s stock after acquiring an additional 20,229 shares during the period. Huntington National Bank’s holdings in Healthpeak Properties were worth $463,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. 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 report on Wednesday, October 30th. Wedbush increased their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Scotiabank lifted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Down 1.8 %

Shares of NYSE:DOC opened at $20.86 on Friday. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $22.26 and its 200-day simple moving average is $21.04. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.41 and a beta of 1.13.

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 analysts’ consensus estimates of $0.44 by ($0.32). The business 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 period in the prior year, the firm posted $0.45 EPS. As a group, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given 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

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.