Los Angeles Capital Management LLC Makes New $407,000 Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Los Angeles Capital Management LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,780 shares of the real estate investment trust’s stock, valued at approximately $407,000.

Other institutional investors and hedge funds have also modified their holdings of the company. abrdn plc purchased a new stake in Healthpeak Properties in the 3rd quarter worth $62,670,000. Douglas Lane & Associates LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $33,212,000. Asset Management One Co. Ltd. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $29,934,000. Finally, Raymond James & Associates bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $25,711,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.86 on Monday. 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 50 day moving average price of $22.26 and a 200-day moving average price of $21.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $14.59 billion, a PE ratio of 44.38, a PEG ratio of 2.32 and a beta of 1.13.

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

Healthpeak Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DOC shares. Citigroup boosted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wedbush upped their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Scotiabank boosted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Finally, Evercore ISI boosted 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 research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

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.