Metis Global Partners LLC Acquires New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Metis Global Partners LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 175,140 shares of the real estate investment trust’s stock, valued at approximately $4,005,000.

Several other hedge funds also recently made changes to their positions in DOC. HM Payson & Co. purchased a new position in Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in Healthpeak Properties during the third quarter worth $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DOC shares. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Evercore ISI raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank boosted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock 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 report on Wednesday, October 30th. Finally, Wedbush increased their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One 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. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Stock Down 1.8 %

NYSE DOC opened at $21.25 on Friday. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average is $22.30 and its two-hundred day moving average is $21.03. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 2.41 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last released its quarterly 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). The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.65%. 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.