Massmutual Trust Co. FSB ADV Makes New $108,000 Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Massmutual Trust Co. FSB ADV acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,729 shares of the real estate investment trust’s stock, valued at approximately $108,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Healthpeak Properties in the 2nd quarter worth $9,024,000. Angelo Gordon & CO. L.P. purchased a new position in shares of Healthpeak Properties in the fourth quarter worth about $3,713,000. Gillson Capital LP purchased a new position in shares of Healthpeak Properties in the fourth quarter worth about $1,261,000. Cibc World Markets Corp purchased a new stake in Healthpeak Properties in the fourth quarter valued at approximately $1,066,000. Finally, Virtu Financial LLC acquired a new position in Healthpeak Properties in the 4th quarter worth approximately $372,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on DOC shares. Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Wedbush increased their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. Finally, Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned 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 target price of $22.17.

Healthpeak Properties Trading Down 0.5 %

Shares of Healthpeak Properties stock opened at $22.12 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties, Inc. has a twelve month low of $15.24 and a twelve month high of $23.14. The firm has a market capitalization of $15.57 billion, a PE ratio of 63.20, a P/E/G ratio of 2.36 and a beta of 1.14. The firm’s 50-day moving average price is $22.05 and its 200 day moving average price is $20.25.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up 27.5% compared to the same quarter last year. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s payout ratio is 342.86%.

Healthpeak Properties 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.