Prudent Man Advisors LLC Acquires Shares of 9,250 Healthpeak Properties, Inc. (NYSE:DOC)

Prudent Man Advisors LLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent filing with the SEC. The fund bought 9,250 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Healthpeak Properties during the 3rd quarter worth $102,615,000. abrdn plc purchased a new stake in Healthpeak Properties during the third quarter valued at about $62,670,000. Swiss National Bank bought a new position in Healthpeak Properties during the third quarter worth about $47,774,000. Douglas Lane & Associates LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth about $33,947,000. Finally, Foresight Group Ltd Liability Partnership bought a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $33,212,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

DOC opened at $20.86 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $22.26 and its 200 day simple moving average is $21.08. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market cap of $14.59 billion, a PE ratio of 44.38, a P/E/G ratio of 2.32 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data 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). The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DOC shares. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Robert W. Baird increased their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One 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 stock. According to data from MarketBeat, the stock has a consensus 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.