HighTower Advisors LLC Acquires Shares of 181,333 Healthpeak Properties, Inc. (NYSE:DOC)

HighTower Advisors LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 181,333 shares of the real estate investment trust's stock, valued at approximately $4,141,000.

Several other hedge funds and other institutional investors have also modified their holdings of DOC. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $32,000. Finally, Barrett & Company Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $33,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday. Evercore ISI upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus target price of $22.93.

Healthpeak Properties Trading Down 1.6 %

Shares of NYSE:DOC traded down $0.34 during midday trading on Thursday, reaching $20.93. The company had a trading volume of 3,729,258 shares, compared to its average volume of 5,642,951. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The company has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $21.33.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) 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 firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm's revenue was up 25.9% compared to the same quarter last year. Research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.73%. Healthpeak Properties's dividend payout ratio is 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.