Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 23.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,561,640 shares of the real estate investment trust’s stock after acquiring an additional 4,056,931 shares during the period. JPMorgan Chase & Co. owned approximately 3.08% of Healthpeak Properties worth $493,115,000 at the end of the most recent reporting period.

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

Healthpeak Properties Stock Down 0.9 %

DOC stock opened at $20.08 on Friday. The stock has a market capitalization of $14.04 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The company has a fifty day moving average of $21.59 and a 200-day moving average of $21.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data 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 firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.98%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Analysts Set New Price Targets

DOC has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Mizuho lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.62.

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.