Harbor Capital Advisors Inc. Buys Shares of 21,888 Healthpeak Properties, Inc. (NYSE:DOC)

Harbor Capital Advisors Inc. purchased a new position 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 purchased 21,888 shares of the real estate investment trust’s stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. abrdn plc bought a new position in Healthpeak Properties in the 3rd quarter valued at $62,670,000. Douglas Lane & Associates LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $33,947,000. Foresight Group Ltd Liability Partnership bought a new position in shares of Healthpeak Properties in the third quarter worth about $33,212,000. Raymond James & Associates purchased a new position in Healthpeak Properties in the 3rd quarter worth about $25,711,000. Finally, Presima Securities ULC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $22,465,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $22.33 on Thursday. Healthpeak Properties, Inc. has a 12-month low of $15.44 and a 12-month high of $23.26. The business’s fifty day simple moving average is $22.30 and its 200-day simple moving average is $20.90. 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 company has a market cap of $15.62 billion, a PE ratio of 47.51, a PEG ratio of 2.45 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for 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%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. Analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Analyst Ratings Changes

A number of equities analysts have commented on DOC shares. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Citigroup raised their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Robert W. Baird raised their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. 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 MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price 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.