Y Intercept Hong Kong Ltd Buys Shares of 88,223 Healthpeak Properties, Inc. (NYSE:DOC)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 88,223 shares of the real estate investment trust’s stock, valued at approximately $2,018,000.

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

Healthpeak Properties Stock Performance

NYSE DOC opened at $21.70 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The business has a 50 day simple moving average of $22.04 and a two-hundred day simple moving average of $21.32. The stock has a market capitalization of $15.17 billion, a PE ratio of 46.16, a P/E/G ratio of 2.38 and a beta of 1.13.

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

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 5.53%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DOC shares. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Robert W. Baird lifted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.