Equita Financial Network Inc. Acquires Shares of 71,543 Healthpeak Properties, Inc. (NYSE:DOC)

Equita Financial Network Inc. purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 71,543 shares of the real estate investment trust's stock, valued at approximately $1,636,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties in the 2nd quarter valued at about $66,000. Point72 DIFC Ltd bought a new position in Healthpeak Properties in the 2nd quarter worth approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Healthpeak Properties in the second quarter valued at about $9,024,000. Centaurus Financial Inc. bought a new stake in Healthpeak Properties during the 2nd quarter worth approximately $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of Healthpeak Properties in the third quarter worth $108,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 2.6 %

NYSE:DOC traded up $0.55 on Tuesday, hitting $21.42. The stock had a trading volume of 2,286,828 shares, compared to its average volume of 5,727,858. The company has a market cap of $14.98 billion, a PE ratio of 45.49, a P/E/G ratio of 2.32 and a beta of 1.13. 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 52 week low of $16.01 and a 52 week high of $23.26. The business's fifty day moving average is $22.24 and its 200 day moving average is $21.09.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results 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 the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is 255.32%.

Wall Street Analyst Weigh In

DOC has been the subject of several analyst reports. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.86.

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.