Point72 Asia Singapore Pte. Ltd. Buys 29,247 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Point72 Asia Singapore Pte. Ltd. lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 873.6% in the third quarter, Holdings Channel.com reports. The fund owned 32,595 shares of the real estate investment trust’s stock after purchasing an additional 29,247 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Healthpeak Properties were worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in Healthpeak Properties during the third quarter valued at $739,000. Adelante Capital Management LLC bought a new stake in Healthpeak Properties during the third quarter valued at $7,937,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Healthpeak Properties during the third quarter valued at $2,685,000. Edgestream Partners L.P. bought a new stake in Healthpeak Properties during the third quarter valued at $206,000. Finally, Verition Fund Management LLC bought a new stake in Healthpeak Properties during the third quarter valued at $11,968,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 1.1 %

DOC opened at $21.99 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a market cap of $15.38 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The business’s 50-day moving average price is $22.18 and its 200-day moving average price is $21.24.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. Healthpeak Properties’s payout ratio is presently 255.32%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DOC shares. Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Citigroup raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised 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, November 4th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.