Equita Financial Network Inc. Buys New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Equita Financial Network Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,543 shares of the real estate investment trust’s stock, valued at approximately $1,636,000.

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

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.86 on Tuesday. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.32 and a beta of 1.13. The firm has a 50 day simple moving average of $22.26 and a 200 day simple moving average of $21.08.

Healthpeak Properties (NYSE:DOC) last announced 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 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 firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. Research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Analysts Set New Price Targets

Several research firms recently commented on DOC. Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Evercore ISI raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.86.

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.