Benjamin Edwards Inc. Invests $607,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Benjamin Edwards Inc. purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,559 shares of the real estate investment trust's stock, valued at approximately $607,000.

A number of other institutional investors have also recently bought and sold shares of DOC. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth about $66,000. Point72 DIFC Ltd acquired a new stake in Healthpeak Properties during the second quarter worth approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Healthpeak Properties during the second quarter worth approximately $9,024,000. Centaurus Financial Inc. bought a new stake in shares of Healthpeak Properties during the second quarter worth approximately $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of Healthpeak Properties during the third quarter worth approximately $108,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent research reports. Evercore ISI boosted their price target 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 reduced their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and raised their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Healthpeak Properties Price Performance

Shares of DOC stock traded down $0.11 during trading hours on Friday, reaching $21.38. The company's stock had a trading volume of 3,822,934 shares, compared to its average volume of 4,769,900. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 45.49, a PEG ratio of 2.37 and a beta of 1.13. The firm's 50 day simple moving average is $22.07 and its 200-day simple moving average is $21.30.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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 business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is 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.