Hartford Investment Management Co. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Hartford Investment Management Co. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 43,879 shares of the real estate investment trust’s stock, valued at approximately $1,004,000.

A number of other institutional investors have also recently made changes to their positions in DOC. Douglas Lane & Associates LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $33,947,000. Foresight Group Ltd Liability Partnership purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $33,212,000. Raymond James & Associates purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $25,711,000. Presima Securities ULC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $22,465,000. Finally, AMF Tjanstepension AB purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $15,548,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DOC. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Evercore ISI raised their price objective on shares of 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 shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Finally, Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.62.

Healthpeak Properties Price Performance

NYSE DOC opened at $22.29 on Friday. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.26. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 63.69, a PEG ratio of 2.27 and a beta of 1.14. The company’s 50 day moving average is $22.26 and its two-hundred day moving average is $20.66. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. Healthpeak Properties’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, research analysts anticipate 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. Stockholders of record on Monday, November 4th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s payout ratio is currently 342.86%.

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.