B. Riley Wealth Advisors Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

B. Riley Wealth Advisors Inc. bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 33,177 shares of the real estate investment trust’s stock, valued at approximately $745,000.

A number of other large investors have also made changes to their positions in DOC. Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties during the 2nd quarter worth approximately $66,000. Point72 DIFC Ltd acquired a new stake in shares of Healthpeak Properties in the second quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Healthpeak Properties during the second quarter valued at $9,024,000. Centaurus Financial Inc. acquired a new position in Healthpeak Properties during the second quarter valued at $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Healthpeak Properties in the 3rd quarter worth about $108,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.98 on Thursday. The stock has a market capitalization of $13.97 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.37 and a beta of 1.13. The business has a 50-day moving average of $21.86 and a two-hundred day moving average of $21.39. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last posted 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 return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 6.01%. Healthpeak Properties’s payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOC. Citigroup lifted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Mizuho cut their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Scotiabank boosted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Finally, Wells Fargo & Company cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.93.

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.