Mutual of America Capital Management LLC Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Mutual of America Capital Management LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 236,978 shares of the real estate investment trust’s stock, valued at approximately $5,420,000.

A number of other institutional investors have also recently bought and sold shares of DOC. HM Payson & Co. acquired a new stake in Healthpeak Properties during the third quarter valued at $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties in the third quarter worth about $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $29,000. Fortitude Family Office LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DOC. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Scotiabank upped their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Trading Up 2.6 %

Healthpeak Properties stock opened at $21.41 on Wednesday. The business has a 50 day moving average price of $22.24 and a two-hundred day moving average price of $21.09. 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 stock has a market cap of $14.97 billion, a price-to-earnings ratio of 45.54, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last released 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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

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. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.61%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Healthpeak Properties Company 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.