Wellington Management Group LLP Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Wellington Management Group LLP bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 69,910 shares of the real estate investment trust’s stock, valued at approximately $1,599,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $1,093,576,000. Charles Schwab Investment Management Inc. bought a new stake in Healthpeak Properties during the third quarter worth about $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Healthpeak Properties during the third quarter worth about $175,697,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Healthpeak Properties in the third quarter worth about $102,615,000. Finally, Heitman Real Estate Securities LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $69,118,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.98 on Thursday. 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 stock has a market capitalization of $13.97 billion, a PE ratio of 42.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The firm’s 50 day moving average price is $21.90 and its 200-day moving average price is $21.40. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DOC shares. Evercore ISI raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. 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 report on Monday, September 9th. Wells Fargo & Company reduced their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

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.