M&T Bank Corp Makes New $23 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

M&T Bank Corp acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,005,499 shares of the real estate investment trust’s stock, valued at approximately $22,995,000. M&T Bank Corp owned about 0.14% of Healthpeak Properties as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DOC. HM Payson & Co. bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $25,000. S.A. Mason LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $26,000. Rise Advisors LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $29,000. Fortitude Family Office LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $33,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC opened at $21.45 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The firm’s 50 day moving average price is $22.02 and its two-hundred day moving average price is $21.34. The firm has a market cap of $15.00 billion, a P/E ratio of 45.64, a PEG ratio of 2.38 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Mizuho reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Citigroup raised their target price 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. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Evercore ISI boosted their price objective 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. Finally, StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.93.

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.