Amalgamated Bank Purchases New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Amalgamated Bank acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 138,467 shares of the real estate investment trust’s stock, valued at approximately $3,167,000.

A number of other institutional investors have also recently bought and sold shares of DOC. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Healthpeak Properties in the 2nd quarter worth about $66,000. Point72 DIFC Ltd purchased a new position in Healthpeak Properties in the second quarter valued at about $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Healthpeak Properties during the 2nd quarter valued at approximately $9,024,000. Centaurus Financial Inc. bought a new position in shares of Healthpeak Properties during the 2nd quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $108,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup increased their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Scotiabank boosted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Evercore ISI upped 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, September 16th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. One 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 stock. According to MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Up 0.9 %

DOC stock opened at $22.76 on Friday. The company’s 50 day moving average is $22.32 and its 200 day moving average is $20.96. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 48.43, a price-to-earnings-growth ratio of 2.49 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 1-year low of $15.44 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 dividend on an annualized basis and a dividend yield of 5.27%. Healthpeak Properties’s dividend payout ratio is 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.