3,177 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,177 shares of the real estate investment trust’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOC. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $25,000. S.A. Mason LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $26,000. Rise Advisors LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $22.51 on Wednesday. The stock’s 50-day moving average is $22.30 and its two-hundred day moving average is $20.89. 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 $15.74 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $15.44 and a 1-year high of $23.26.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.33%. Healthpeak Properties’s payout ratio is currently 255.32%.

Analyst Ratings Changes

DOC has been the topic of a number of analyst reports. Citigroup lifted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Evercore ISI upped 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, September 16th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Wedbush upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.86.

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.