Nuance Investments LLC Purchases Shares of 757,455 Healthpeak Properties, Inc. (NYSE:DOC)

Nuance Investments LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 757,455 shares of the real estate investment trust’s stock, valued at approximately $17,323,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $102,615,000. abrdn plc acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $62,670,000. Swiss National Bank acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $47,774,000. Douglas Lane & Associates LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $33,947,000. Finally, Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $33,212,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 2.6 %

Shares of NYSE DOC opened at $21.41 on Wednesday. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 45.54, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. The firm has a 50-day moving average price of $22.24 and a 200 day moving average price of $21.09. The company has a quick ratio of 1.31, a current 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 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 for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is currently 255.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Robert W. Baird increased their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Evercore ISI raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. 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 stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price 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.