The Manufacturers Life Insurance Company Buys New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

The Manufacturers Life Insurance Company purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 571,155 shares of the real estate investment trust’s stock, valued at approximately $13,062,000. The Manufacturers Life Insurance Company owned approximately 0.08% of Healthpeak Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Associated Banc Corp acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $10,559,000. Thrivent Financial for Lutherans bought a new stake in Healthpeak Properties in the third quarter valued at $1,880,000. Pathstone Holdings LLC acquired a new position in Healthpeak Properties during the third quarter worth $1,968,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Healthpeak Properties during the third quarter valued at $9,361,000. Finally, Swedbank AB bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $1,832,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DOC shares. Citigroup lifted 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. Evercore ISI lifted 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. Scotiabank increased their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued 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 $22.86.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $21.65 on Tuesday. The firm’s 50 day simple moving average is $22.17 and its 200 day simple moving average is $21.26. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 2.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current 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 issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.54%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.