2,280 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by Cromwell Holdings LLC

Cromwell Holdings LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,280 shares of the real estate investment trust’s stock, valued at approximately $52,000.

Other hedge funds have also recently modified their holdings of the company. Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $33,212,000. Atomi Financial Group Inc. bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $399,000. Pensionfund Sabic purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $2,556,000. Mirador Capital Partners LP bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $737,000. Finally, Sarasin & Partners LLP purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $10,425,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 3.1 %

DOC stock opened at $22.29 on Friday. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 47.43, a P/E/G ratio of 3.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day moving average is $22.26 and its two-hundred day moving average is $20.66. Healthpeak Properties, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. Healthpeak Properties’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.79 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.38%. Healthpeak Properties’s payout ratio is presently 255.32%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. 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 report on Tuesday, July 30th. Wedbush upped their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Evercore ISI raised their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Citigroup increased their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $22.62.

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.