Tokio Marine Asset Management Co. Ltd. Takes $507,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,151 shares of the real estate investment trust’s stock, valued at approximately $507,000.

Other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth $405,000. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties during the 3rd quarter worth $33,212,000. Amalgamated Bank purchased a new stake in Healthpeak Properties during the 3rd quarter worth about $3,167,000. Harbour Investments Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $1,156,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $10,560,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on DOC. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Robert W. Baird raised their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Citigroup lifted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Down 1.8 %

DOC stock opened at $20.86 on Friday. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The company has a fifty day moving average price of $22.26 and a 200 day moving average price of $21.04. 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 12 month low of $16.01 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $682.51 million. During the same period in the previous year, the company posted $0.45 earnings per share. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. Sell-side analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given 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 yield of 5.75%. Healthpeak Properties’s payout ratio is 255.32%.

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.