Armor Investment Advisors LLC Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Armor Investment Advisors LLC bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 45,022 shares of the real estate investment trust's stock, valued at approximately $1,030,000.

Other large investors have also bought and sold shares of the company. Foresight Group Ltd Liability Partnership bought a new position in Healthpeak Properties during the third quarter valued at about $33,212,000. Atomi Financial Group Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $399,000. Pensionfund Sabic purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $2,556,000. Nisa Investment Advisors LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $5,334,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $959,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.18 during mid-day trading on Wednesday, reaching $22.33. The stock had a trading volume of 12,041,171 shares, compared to its average volume of 5,747,102. 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 firm has a market cap of $15.62 billion, a PE ratio of 47.89, a P/E/G ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a one year low of $15.44 and a one year high of $23.26. The firm's 50 day simple moving average is $22.30 and its 200 day simple moving average is $20.89.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS 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%. Healthpeak Properties's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, analysts forecast 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. Investors of record on Monday, November 4th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.37%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DOC. Deutsche Bank Aktiengesellschaft raised 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. Evercore ISI upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a report on Monday, September 9th. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.86.

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.