Pallas Capital Advisors LLC Buys New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Pallas Capital Advisors LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,615 shares of the real estate investment trust’s stock, valued at approximately $359,000.

Several other hedge funds also recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $29,000. Barrett & Company Inc. acquired a new position in Healthpeak Properties during the third quarter valued at approximately $33,000. Riverview Trust Co bought a new position in Healthpeak Properties in the third quarter valued at approximately $35,000. UMB Bank n.a. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $40,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $52,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DOC. Royal Bank of Canada boosted their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Citigroup lifted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wedbush raised their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.79.

Healthpeak Properties Trading Down 1.2 %

Shares of DOC stock opened at $22.45 on Friday. The stock’s fifty day simple moving average is $22.31 and its 200 day simple moving average is $20.75. Healthpeak Properties, Inc. has a twelve month low of $15.24 and a twelve month high of $23.26. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $15.70 billion, a P/E ratio of 47.77, a P/E/G ratio of 3.30 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.79 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.35%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

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.