Advisors Management Group Inc. ADV Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Advisors Management Group Inc. ADV acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 94,194 shares of the real estate investment trust's stock, valued at approximately $2,154,000.

Several other institutional investors and hedge funds have also bought and sold shares of DOC. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthpeak Properties during the second quarter valued at approximately $66,000. Point72 DIFC Ltd bought a new stake in shares of Healthpeak Properties during the second quarter valued at approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Healthpeak Properties during the second quarter valued at approximately $9,024,000. Centaurus Financial Inc. bought a new stake in shares of Healthpeak Properties during the second quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $108,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Citigroup lifted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Scotiabank lifted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 9th. Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $22.86.

Healthpeak Properties Stock Performance

DOC stock traded up $0.23 during midday trading on Thursday, hitting $22.56. 6,283,328 shares of the stock traded hands, compared to its average volume of 5,749,651. The firm has a market cap of $15.78 billion, a P/E ratio of 48.00, a PEG ratio of 2.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The stock's fifty day simple moving average is $22.31 and its 200-day simple moving average is $20.91. Healthpeak Properties, Inc. has a 1-year low of $15.44 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $700.40 million for the quarter, compared to analysts' expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's dividend payout ratio is currently 255.32%.

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.