Franklin Resources Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Franklin Resources Inc. acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 147,370 shares of the real estate investment trust’s stock, valued at approximately $3,224,000.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. bought a new position in Healthpeak Properties during the third quarter valued at about $25,000. S.A. Mason LLC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at $32,000. Finally, Barrett & Company Inc. bought a new position in Healthpeak Properties in the third quarter worth $33,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC opened at $20.39 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $14.26 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The company’s 50 day simple moving average is $21.72 and its 200-day simple moving average is $21.41. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26.

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

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.89%. Healthpeak Properties’s payout ratio is presently 255.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DOC shares. Scotiabank increased their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.62.

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.