BNP PARIBAS ASSET MANAGEMENT Holding S.A. Invests $9.36 Million in Healthpeak Properties, Inc. (NYSE:DOC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, HoldingsChannel.com reports. The firm purchased 409,317 shares of the real estate investment trust’s stock, valued at approximately $9,361,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOC. Moors & Cabot Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $572,000. Nuance Investments LLC bought a new stake in Healthpeak Properties in the third quarter valued at $17,323,000. Advisors Asset Management Inc. bought a new stake in Healthpeak Properties in the third quarter valued at $917,000. Commerce Bank purchased a new position in Healthpeak Properties during the 3rd quarter valued at $400,000. Finally, Avior Wealth Management LLC bought a new position in Healthpeak Properties in the 3rd quarter worth $37,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.4 %

NYSE:DOC opened at $21.62 on Friday. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 2.42 and a beta of 1.13. 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 company’s 50 day moving average price is $22.18 and its 200-day moving average price is $21.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26.

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

Healthpeak Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DOC. Wedbush boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.