Dover Advisors LLC Acquires New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Dover Advisors LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,500 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other hedge funds have also recently added to or reduced their stakes in DOC. Rise Advisors LLC acquired a new position in Healthpeak Properties during the third quarter worth about $29,000. UMB Bank n.a. acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $40,000. Mather Group LLC. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $60,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Healthpeak Properties during the third quarter valued at approximately $67,000. Finally, NBC Securities Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $70,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 2.1 %

Shares of NYSE:DOC traded up $0.45 during midday trading on Tuesday, hitting $22.33. The company had a trading volume of 3,609,640 shares, compared to its average volume of 5,686,847. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.14. The firm has a fifty day simple moving average of $22.08 and a 200 day simple moving average of $20.44. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 63.94, a PEG ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was up 27.5% compared to the same quarter last year. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.37%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Analyst Upgrades and Downgrades

DOC has been the topic of several recent research reports. Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Scotiabank upped their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Friday. Finally, Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $22.17.

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.