Greenleaf Trust Takes $434,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Greenleaf Trust acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,962 shares of the real estate investment trust’s stock, valued at approximately $434,000.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $29,000. Riverview Trust Co purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $35,000. UMB Bank n.a. bought a new stake in Healthpeak Properties during the third quarter valued at approximately $40,000. Mather Group LLC. purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $60,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthpeak Properties in the 2nd quarter worth $66,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 3.1 %

NYSE DOC opened at $22.29 on Friday. Healthpeak Properties, Inc. has a 1 year low of $15.24 and a 1 year high of $23.26. The stock has a market capitalization of $15.69 billion, a PE ratio of 63.69, a PEG ratio of 2.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average is $22.26 and its 200 day moving average is $20.66.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The business had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. During the same period last year, the firm posted $0.45 earnings per share. Healthpeak Properties’s quarterly revenue was up 27.5% on a year-over-year basis. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s payout ratio is currently 342.86%.

Analyst Ratings Changes

A number of analysts have recently issued reports on DOC shares. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Evercore ISI upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Scotiabank raised their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Wells Fargo & Company reaffirmed 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. Finally, Wedbush lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.62.

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.