M&T Bank Corp Makes New $23 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

M&T Bank Corp purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,005,499 shares of the real estate investment trust’s stock, valued at approximately $22,995,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $1,880,000. Swedbank AB acquired a new position in Healthpeak Properties during the third quarter worth $1,832,000. Pathstone Holdings LLC purchased a new stake in Healthpeak Properties during the third quarter worth $1,968,000. Associated Banc Corp acquired a new stake in Healthpeak Properties in the third quarter valued at $10,559,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Healthpeak Properties in the third quarter valued at $9,361,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.8 %

Shares of DOC stock opened at $20.12 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The firm’s 50 day moving average price is $21.80 and its two-hundred day moving average price is $21.39. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth 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 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. On average, analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DOC. Scotiabank boosted 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 report on Monday, September 9th. Robert W. Baird increased their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company cut 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. Evercore ISI upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

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.