Sentry Investment Management LLC Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Sentry Investment Management LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,177 shares of the real estate investment trust’s stock, valued at approximately $73,000.

Other institutional investors have also modified their holdings of the company. Gulf International Bank UK Ltd purchased a new stake in Healthpeak Properties in the third quarter valued at $1,695,000. QRG Capital Management Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $565,000. Asset Management One Co. Ltd. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $29,934,000. Intact Investment Management Inc. purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $5,866,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Healthpeak Properties during the third quarter worth approximately $13,931,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Scotiabank lifted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Price Performance

DOC stock opened at $22.51 on Wednesday. The firm has a 50 day moving average of $22.30 and a 200-day moving average of $20.89. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 47.89, a PEG ratio of 2.45 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a 12-month low of $15.44 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business’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 earnings per share. As a group, equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.33%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 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.