Aspen Wealth Strategies LLC Makes New $314,000 Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Aspen Wealth Strategies LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,731 shares of the real estate investment trust’s stock, valued at approximately $314,000.

Other institutional investors have also modified their holdings of the company. HM Payson & Co. bought a new stake in Healthpeak Properties during the 3rd quarter worth approximately $25,000. S.A. Mason LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties in the 3rd quarter valued at $32,000. Finally, Barrett & Company Inc. acquired a new position in Healthpeak Properties in the 3rd quarter worth $33,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

DOC has been the topic of several recent research reports. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank boosted 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. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. 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’s stock. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $22.79.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $22.45 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $15.70 billion, a P/E ratio of 47.77, a P/E/G ratio of 2.53 and a beta of 1.14. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.26. The stock has a 50 day moving average of $22.31 and a 200-day moving average of $20.76.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data 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 company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. As a group, equities research 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 will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued 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 5.35%. Healthpeak Properties’s dividend payout ratio is currently 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.