Oppenheimer & Co. Inc. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Oppenheimer & Co. Inc. bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,852 shares of the real estate investment trust's stock, valued at approximately $957,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Harbour Investments Inc. bought a new stake in Healthpeak Properties in the 3rd quarter worth approximately $1,156,000. Private Advisor Group LLC bought a new position in Healthpeak Properties in the third quarter valued at about $405,000. Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties in the third quarter worth about $33,212,000. Amalgamated Bank purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $3,167,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $10,560,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOC. Scotiabank lifted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 9th. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Evercore ISI boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, Citigroup raised their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.86.

Healthpeak Properties Price Performance

NYSE:DOC traded up $0.03 during trading hours on Wednesday, reaching $21.43. The stock had a trading volume of 4,968,301 shares, compared to its average volume of 5,736,895. The stock has a market capitalization of $14.99 billion, a PE ratio of 45.85, a PEG ratio of 2.32 and a beta of 1.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a 50 day moving average price of $22.22 and a two-hundred day moving average price of $21.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

Healthpeak Properties (NYSE:DOC - Get Free Report) 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 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 business 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. Healthpeak Properties's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.60%. Healthpeak Properties's payout ratio is currently 255.32%.

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.