Kovitz Investment Group Partners LLC Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Kovitz Investment Group Partners LLC acquired a new stake 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 acquired 83,562 shares of the real estate investment trust's stock, valued at approximately $1,911,000.

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

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock traded down $0.25 on Tuesday, reaching $21.45. 3,502,873 shares of the stock were exchanged, compared to its average volume of 5,658,573. 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 market capitalization of $15.00 billion, a PE ratio of 46.09, a PEG ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The business has a fifty day moving average price of $22.04 and a two-hundred day moving average price of $21.32.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its 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 return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analysts' expectations of $682.51 million. During the same period last year, the company posted $0.45 earnings per share. The business's quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.59%. Healthpeak Properties's payout ratio is currently 255.32%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOC. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Evercore ISI upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Scotiabank lifted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 9th. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.93.

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.