69,346 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by Tidal Investments LLC

Tidal Investments LLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 69,346 shares of the real estate investment trust’s stock, valued at approximately $1,586,000.

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

Healthpeak Properties Stock Up 0.7 %

Shares of DOC opened at $20.87 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 2.37 and a beta of 1.13. The stock has a 50 day moving average price of $21.92 and a 200 day moving average price of $21.39.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.75%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is currently 255.32%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. 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 report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. One equities research 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. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $22.93.

Healthpeak Properties Company 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.