Kentucky Retirement Systems Takes $1.12 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

by · The Cerbat Gem

Kentucky Retirement Systems acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,029 shares of the real estate investment trust’s stock, valued at approximately $1,121,000.

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

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.86 on Tuesday. The company has a market capitalization of $14.59 billion, a P/E ratio of 44.38, a PEG ratio of 2.32 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 $16.01 and a 12 month high of $23.26. The firm has a fifty day simple moving average of $22.26 and a 200-day simple moving average of $21.08.

Healthpeak Properties (NYSE:DOC – Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The firm had revenue of $700.40 million during the quarter, compared to analysts’ expectations 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 was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced 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 5.75%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOC shares. Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Evercore ISI lifted 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, September 16th. Finally, Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.86.

View Our Latest Report on DOC

Healthpeak Properties Company Profile

(Free Report)

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.

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