Wolff Wiese Magana LLC Makes New $3.37 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Wolff Wiese Magana LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 147,233 shares of the real estate investment trust’s stock, valued at approximately $3,367,000. Healthpeak Properties accounts for about 2.3% of Wolff Wiese Magana LLC’s portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $29,000. UMB Bank n.a. acquired a new position in shares of Healthpeak Properties during the third quarter worth about $40,000. Mather Group LLC. purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $60,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Healthpeak Properties in the second quarter valued at about $66,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.7 %

NYSE:DOC opened at $22.69 on Thursday. The company has a market cap of $15.97 billion, a PE ratio of 64.83, a P/E/G ratio of 2.27 and a beta of 1.14. The business’s 50 day moving average is $22.12 and its two-hundred day moving average is $20.48. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties, Inc. has a 52 week low of $15.24 and a 52 week high of $23.14.

Healthpeak Properties (NYSE:DOC) last posted 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). The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The business’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Analyst Ratings Changes

A number of research firms have weighed in on DOC. Royal Bank of Canada upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. Citigroup upped 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. 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 note on Monday, September 9th. Finally, Wedbush boosted their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.17.

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.