Advisors Asset Management Inc. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Advisors Asset Management Inc. acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,082 shares of the real estate investment trust’s stock, valued at approximately $917,000.

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

Healthpeak Properties Price Performance

NYSE DOC opened at $22.33 on Wednesday. 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 stock has a market capitalization of $15.62 billion, a PE ratio of 47.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The company has a 50 day moving average price of $22.17 and a two-hundred day moving average price of $21.18.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 annualized dividend and a yield of 5.37%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Robert W. Baird raised their target price 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. Wells Fargo & Company restated an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.