BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys New Position in Healthpeak Properties, Inc. (NYSE:DOC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 409,317 shares of the real estate investment trust’s stock, valued at approximately $9,361,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of Healthpeak Properties at the end of the most recent quarter.

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

Healthpeak Properties Stock Down 0.4 %

DOC opened at $21.62 on Friday. The business’s fifty day simple moving average is $22.18 and its 200 day simple moving average is $21.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock has a market cap of $15.12 billion, a PE ratio of 46.00, a P/E/G ratio of 2.42 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced 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). The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of several research analyst reports. Citigroup upped their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.