Diamant Asset Management Inc. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Diamant Asset Management Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,640 shares of the real estate investment trust's stock, valued at approximately $564,000.

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

Healthpeak Properties Stock Performance

Shares of NYSE:DOC traded down $0.19 during trading on Thursday, reaching $21.08. The company had a trading volume of 1,669,167 shares, compared to its average volume of 5,632,702. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 2.38 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 moving average price is $22.00 and its 200 day moving average price is $21.34. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share 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 during the quarter, compared to analysts' expectations of $682.51 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.69%. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DOC shares. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Scotiabank boosted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 9th. Mizuho decreased their target price 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. Finally, Robert W. Baird boosted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.93.

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.