World Investment Advisors LLC Invests $291,000 in Healthpeak Properties, Inc. (NYSE:DOC)

World Investment Advisors LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 12,743 shares of the real estate investment trust’s stock, valued at approximately $291,000.

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

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $19.98 on Thursday. The company’s 50-day moving average price is $21.86 and its 200-day moving average price is $21.39. 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 company has a market cap of $13.97 billion, a PE ratio of 42.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26.

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 for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 6.01%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

A number of research firms have commented on DOC. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.93.

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.