Brown Brothers Harriman & Co. Invests $88,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Brown Brothers Harriman & Co. acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,836 shares of the real estate investment trust’s stock, valued at approximately $88,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DOC. Charles Schwab Investment Management Inc. purchased a new position in shares of Healthpeak Properties in the third quarter worth about $230,988,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $102,615,000. abrdn plc purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $62,670,000. Swiss National Bank bought a new stake in Healthpeak Properties during the 3rd quarter valued at $47,774,000. Finally, Douglas Lane & Associates LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth $33,947,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DOC. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Royal Bank of Canada upped 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. Finally, Scotiabank raised 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Stock Down 0.4 %

Shares of NYSE:DOC opened at $22.24 on Friday. The firm has a market capitalization of $15.56 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The firm has a fifty day moving average of $22.18 and a 200 day moving average of $21.21.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (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 analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

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.