Harbour Investments Inc. Takes $1.16 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Harbour Investments Inc. bought 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 50,538 shares of the real estate investment trust's stock, valued at approximately $1,156,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. bought a new position in Healthpeak Properties during the third quarter valued at $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $29,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $33,000. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Wells Fargo & Company reissued an "equal weight" rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Wedbush upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Finally, StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.86.

Healthpeak Properties Price Performance

DOC traded down $0.39 on Friday, hitting $20.86. 7,265,673 shares of the company's stock were exchanged, compared to its average volume of 5,745,080. 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 current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $22.29 and a 200-day moving average price of $21.03. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 2.41 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $700.40 million for 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 company's revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. As a group, equities analysts anticipate 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 will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's dividend payout ratio is presently 255.32%.

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.