Swiss National Bank Invests $47.77 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Swiss National Bank bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,088,916 shares of the real estate investment trust’s stock, valued at approximately $47,774,000. Swiss National Bank owned about 0.30% of Healthpeak Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOC. Harbour Investments Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter worth $1,156,000. Private Advisor Group LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $405,000. Foresight Group Ltd Liability Partnership bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $33,212,000. Amalgamated Bank bought a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $3,167,000. Finally, KBC Group NV bought a new position in shares of Healthpeak Properties during the 3rd quarter worth about $17,438,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $21.43 on Thursday. The firm has a market capitalization of $14.99 billion, a P/E ratio of 45.59, a price-to-earnings-growth 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. The business’s fifty day simple moving average is $22.22 and its 200 day simple moving average is $21.11. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.60%. Healthpeak Properties’s payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Citigroup boosted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.86.

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.