191,937 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Creative Planning

Creative Planning purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 191,937 shares of the real estate investment trust’s stock, valued at approximately $4,390,000.

Several other large investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $29,000. UMB Bank n.a. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $40,000. Mather Group LLC. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $60,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $67,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada raised 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 Tuesday, July 30th. Wedbush raised 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. Evercore ISI raised their target price 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. Citigroup raised their target price 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. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.62.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $22.99 on Friday. Healthpeak Properties, Inc. has a twelve month low of $15.24 and a twelve month high of $23.26. The firm has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $20.64. The company has a market capitalization of $16.18 billion, a PE ratio of 65.69, a P/E/G ratio of 2.27 and a beta of 1.14. 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 (NYSE:DOC) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. During the same quarter in the prior year, the company posted $0.45 EPS. Healthpeak Properties’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

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.