Consolidated Portfolio Review Corp Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Consolidated Portfolio Review Corp bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 52,263 shares of the real estate investment trust’s stock, valued at approximately $1,195,000.

Several other institutional investors also recently modified their holdings of DOC. Pathway Financial Advisers LLC bought a new position in shares of Healthpeak Properties during the third quarter worth $437,000. Forsta AP Fonden acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at approximately $5,102,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Healthpeak Properties during the 3rd quarter worth approximately $2,141,000. Louisiana State Employees Retirement System bought a new position in Healthpeak Properties in the third quarter valued at approximately $906,000. Finally, Allworth Financial LP bought a new position in Healthpeak Properties in the third quarter valued at approximately $75,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Scotiabank lifted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Wedbush lifted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.62.

Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.71 during trading on Friday, reaching $22.29. 8,802,307 shares of the company’s stock were exchanged, compared to its average volume of 4,002,954. Healthpeak Properties, Inc. has a twelve month low of $15.24 and a twelve month high of $23.26. The firm’s fifty day moving average price is $22.26 and its 200-day moving average price is $20.66. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $15.59 billion, a PE ratio of 47.43, a PEG ratio of 3.30 and a beta of 1.14.

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 company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. Healthpeak Properties’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.79 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, November 4th. 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.