Kentucky Retirement Systems Purchases Shares of 49,029 Healthpeak Properties, Inc. (NYSE:DOC)

Kentucky Retirement Systems acquired a new stake 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 fund acquired 49,029 shares of the real estate investment trust’s stock, valued at approximately $1,121,000.

Other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth approximately $66,000. Point72 DIFC Ltd acquired a new stake in Healthpeak Properties during the second quarter valued at $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Healthpeak Properties in the second quarter valued at $9,024,000. Centaurus Financial Inc. acquired a new position in shares of Healthpeak Properties in the second quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC stock opened at $20.86 on Tuesday. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. 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 firm has a market capitalization of $14.59 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. The business has a 50 day simple moving average of $22.26 and a 200-day simple moving average of $21.08.

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 company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Analyst Ratings Changes

DOC has been the subject of several recent analyst reports. Evercore ISI lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. 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 note on Monday, October 21st. Citigroup increased their price objective 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. Finally, Scotiabank lifted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.86.

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.