Chevy Chase Trust Holdings LLC Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Chevy Chase Trust Holdings LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 377,337 shares of the real estate investment trust’s stock, valued at approximately $8,630,000.

Several other institutional investors have also added to or reduced their stakes in the business. HM Payson & Co. bought a new position in shares of Healthpeak Properties during the third quarter valued at $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties during the 3rd quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC bought a new stake in shares of Healthpeak Properties in the third quarter worth approximately $32,000. Finally, Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 0.9 %

DOC opened at $21.49 on Friday. 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 debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 45.71, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13. The firm’s fifty day moving average is $22.09 and its 200 day moving average is $21.27.

Healthpeak Properties (NYSE:DOC) last released 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 during the quarter, compared to the consensus estimate of $682.51 million. During the same period last year, the company earned $0.45 EPS. The business’s revenue was up 25.9% on a year-over-year basis. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of several research reports. Mizuho dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Evercore ISI increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Scotiabank increased their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

About Healthpeak Properties

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.