Goldstone Financial Group LLC Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Goldstone Financial Group LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,285 shares of the real estate investment trust’s stock, valued at approximately $212,000.

A number of other hedge funds also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties during the 2nd quarter worth approximately $66,000. Point72 DIFC Ltd acquired a new position in Healthpeak Properties during the second quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Healthpeak Properties during the second quarter valued at $9,024,000. Centaurus Financial Inc. acquired a new stake in shares of Healthpeak Properties in the second quarter valued at about $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $22.79.

Healthpeak Properties Price Performance

DOC stock opened at $22.45 on Friday. The business’s fifty day moving average price is $22.31 and its 200 day moving average price is $20.75. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $23.26. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $15.70 billion, a PE ratio of 47.77, a P/E/G ratio of 3.30 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.79 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 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.