Gulf International Bank UK Ltd Invests $1.70 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Gulf International Bank UK Ltd purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 74,126 shares of the real estate investment trust’s stock, valued at approximately $1,695,000.

Several other institutional investors have also made changes to their positions in the stock. HM Payson & Co. bought a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $25,000. S.A. Mason LLC bought a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties during the third quarter worth $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the third quarter worth $32,000. Finally, Barrett & Company Inc. bought a new stake in Healthpeak Properties during the third quarter worth $33,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Performance

NYSE DOC opened at $22.56 on Friday. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a twelve month low of $15.44 and a twelve month high of $23.26. The stock has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $20.91. 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 (NYSE:DOC) last posted 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 company 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%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. Sell-side analysts expect 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 will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.32%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird upped their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities 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 company’s stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $22.86.

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.