US Bancorp DE Invests $1.31 Million in Healthpeak Properties, Inc. (NYSE:DOC)

US Bancorp DE purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, HoldingsChannel reports. The firm purchased 57,373 shares of the real estate investment trust’s stock, valued at approximately $1,312,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DOC. abrdn plc acquired a new position in shares of Healthpeak Properties during the third quarter worth about $62,670,000. Douglas Lane & Associates LLC acquired a new position in Healthpeak Properties during the third quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties during the third quarter worth about $33,212,000. Raymond James & Associates acquired a new position in Healthpeak Properties during the third quarter worth about $25,711,000. Finally, Presima Securities ULC acquired a new position in Healthpeak Properties during the third quarter worth about $22,465,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $22.56 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. The company has a market cap of $15.78 billion, a P/E ratio of 48.00, a P/E/G ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $23.26. The firm’s 50 day moving average is $22.31 and its two-hundred day moving average is $20.91.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Wedbush upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Citigroup increased their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI increased their price target 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 analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties 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.