Thrivent Financial for Lutherans Purchases New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Thrivent Financial for Lutherans acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 82,206 shares of the real estate investment trust’s stock, valued at approximately $1,880,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOC. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties during the third quarter worth approximately $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties during the 3rd quarter valued at $26,000. Rise Advisors LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth $29,000. Fortitude Family Office LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Down 0.4 %

Shares of Healthpeak Properties stock opened at $22.24 on Friday. 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 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. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The stock’s fifty day moving average is $22.18 and its 200-day moving average is $21.21.

Healthpeak Properties (NYSE:DOC) last issued 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 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 company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a 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%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DOC. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Wells Fargo & Company reissued 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. Evercore ISI lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.86.

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.