Private Trust Co. NA Invests $196,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Private Trust Co. NA purchased a new stake in 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 purchased 8,550 shares of the real estate investment trust’s stock, valued at approximately $196,000.

Several other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $230,988,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties in the third quarter worth about $102,615,000. abrdn plc bought a new stake in Healthpeak Properties during the 3rd quarter worth about $62,670,000. Swiss National Bank acquired a new position in Healthpeak Properties during the 3rd quarter valued at about $47,774,000. Finally, Douglas Lane & Associates LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $33,947,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. 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 lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. 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 stock. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Stock Down 0.4 %

Healthpeak Properties stock opened at $22.24 on Friday. The company has a 50 day moving average of $22.18 and a 200-day moving average of $21.21. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The stock has a market capitalization of $15.56 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) 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, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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 5.40%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

About Healthpeak Properties

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.