Geode Capital Management LLC Purchases New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Geode Capital Management LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, HoldingsChannel reports. The institutional investor acquired 17,717,760 shares of the real estate investment trust’s stock, valued at approximately $403,898,000.

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

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.76 on Friday. 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 capitalization of $14.52 billion, a PE ratio of 44.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The firm’s 50 day moving average price is $21.94 and its 200-day moving average price is $21.35. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results 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 return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the prior year, the business earned $0.45 EPS. The company’s revenue was up 25.9% compared to the same quarter last year. Equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.78%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Analyst Ratings Changes

A number of research firms have weighed in on DOC. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Mizuho lowered their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.93.

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.