Citigroup Inc. Purchases Shares of 618,887 Healthpeak Properties, Inc. (NYSE:DOC)

Citigroup Inc. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 618,887 shares of the real estate investment trust’s stock, valued at approximately $14,154,000.

Other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. bought a new position in shares of Healthpeak Properties in the third quarter valued at $1,156,000. Moors & Cabot Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $572,000. KBC Group NV acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $17,438,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $9,361,000. Finally, Private Advisor Group LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $405,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.4 %

Shares of NYSE:DOC opened at $22.23 on Thursday. The stock has a market capitalization of $15.55 billion, a PE ratio of 47.30, a P/E/G ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The firm has a fifty day moving average price of $22.18 and a 200 day moving average price of $21.20. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

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

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 5.40%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DOC shares. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Evercore ISI boosted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Citigroup boosted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average price target 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.