Cim Investment Management Inc. Purchases Shares of 10,561 Healthpeak Properties, Inc. (NYSE:DOC)

Cim Investment Management Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,561 shares of the real estate investment trust’s stock, valued at approximately $242,000.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp bought a new position in shares of Healthpeak Properties during the 3rd quarter worth about $1,093,576,000. Geode Capital Management LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $403,898,000. Charles Schwab Investment Management Inc. bought a new position in Healthpeak Properties in the third quarter worth approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Healthpeak Properties in the third quarter worth approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $102,615,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Evercore ISI raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday. Scotiabank increased their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.93.

Healthpeak Properties Trading Down 1.6 %

Shares of DOC stock opened at $20.93 on Friday. The business has a 50-day moving average of $21.97 and a 200 day moving average of $21.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The stock has a market capitalization of $14.64 billion, a PE ratio of 44.53, a P/E/G ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend on an annualized basis and a dividend yield of 5.73%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.