Legacy Capital Group California Inc. Buys Shares of 15,902 Healthpeak Properties, Inc. (NYSE:DOC)

Legacy Capital Group California Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,902 shares of the real estate investment trust’s stock, valued at approximately $364,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Foresight Group Ltd Liability Partnership bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $33,212,000. Atomi Financial Group Inc. bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $399,000. Pensionfund Sabic bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $2,556,000. Mirador Capital Partners LP bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $737,000. Finally, Sarasin & Partners LLP bought a new position in shares of Healthpeak Properties in the 3rd quarter worth $10,425,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Down 3.1 %

Healthpeak Properties stock opened at $22.29 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $22.26 and its two-hundred day simple moving average is $20.66. The company has a market cap of $15.69 billion, a PE ratio of 63.69, a PEG ratio of 2.27 and a beta of 1.14. Healthpeak Properties, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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). The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.38%. Healthpeak Properties’s payout ratio is 342.86%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DOC shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Scotiabank boosted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.62.

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.