Legacy Capital Group California Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,902 shares of the real estate investment trust’s stock, valued at approximately $364,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Foresight Group Ltd Liability Partnership bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $33,212,000. Atomi Financial Group Inc. bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $399,000. Pensionfund Sabic bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $2,556,000. Mirador Capital Partners LP bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $737,000. Finally, Sarasin & Partners LLP bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $10,425,000. 93.57% of the stock is owned by institutional investors.
Healthpeak Properties Stock Down 3.1 %
Healthpeak Properties stock opened at $22.29 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $22.26 and its two-hundred day simple moving average is $20.66. The company has a market cap of $15.69 billion, a PE ratio of 63.69, a PEG ratio of 2.27 and a beta of 1.14. Healthpeak Properties, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $23.26.
Healthpeak Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.38%. Healthpeak Properties’s payout ratio is 342.86%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on DOC shares. Wells Fargo & Company reissued 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. Scotiabank boosted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.62.
Read Our Latest Analysis on Healthpeak Properties
Healthpeak Properties Company 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.
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