Wellington Management Group LLP Makes New $1.60 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Wellington Management Group LLP acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 69,910 shares of the real estate investment trust’s stock, valued at approximately $1,599,000.

Several other hedge funds have also recently modified their holdings of the stock. HM Payson & Co. purchased a new position in Healthpeak Properties during the 3rd quarter valued at approximately $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties in the third quarter worth about $26,000. Rise Advisors LLC purchased a new position in Healthpeak Properties in the third quarter worth about $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the third quarter worth approximately $32,000. Finally, Barrett & Company Inc. purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $19.98 on Thursday. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. 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 stock has a fifty day simple moving average of $21.90 and a two-hundred day simple moving average of $21.40. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 42.51, a P/E/G ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.01%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Ratings Changes

Several research firms have recently weighed in on DOC. Mizuho cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, 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 research note on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.93.

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.