Healthcare of Ontario Pension Plan Trust Fund Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 460,426 shares of the real estate investment trust’s stock, valued at approximately $9,024,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Healthpeak Properties at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Angelo Gordon & CO. L.P. bought a new stake in Healthpeak Properties during the 4th quarter worth about $3,713,000. Gillson Capital LP bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $1,261,000. Cibc World Markets Corp acquired a new stake in shares of Healthpeak Properties in the fourth quarter valued at approximately $1,066,000. Virtu Financial LLC bought a new position in Healthpeak Properties in the 4th quarter worth approximately $372,000. Finally, Novak & Powell Financial Services Inc. bought a new position in Healthpeak Properties in the 4th quarter worth approximately $206,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DOC. Royal Bank of Canada boosted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Thursday, September 26th. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $22.17.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $22.12 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 63.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14. The stock’s 50-day moving average is $22.05 and its 200-day moving average is $20.23. Healthpeak Properties, Inc. has a one year low of $15.24 and a one year high of $23.14.

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

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.42%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

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.