Merit Financial Group LLC Buys New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Merit Financial Group LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,963 shares of the real estate investment trust's stock, valued at approximately $506,000.

A number of other hedge funds also recently added to or reduced their stakes in DOC. AdvisorNet Financial Inc increased its position in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 563 shares during the period. Mirador Capital Partners LP grew its stake in shares of Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust's stock worth $672,000 after purchasing an additional 901 shares in the last quarter. HM Payson & Co. acquired a new stake in Healthpeak Properties in the third quarter worth about $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at about $26,000. Finally, Harbor Capital Advisors Inc. increased its stake in Healthpeak Properties by 5.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust's stock valued at $468,000 after buying an additional 1,186 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DOC has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Mizuho decreased their price target 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. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Finally, StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.15.

Healthpeak Properties Trading Up 0.8 %

DOC stock traded up $0.17 during mid-day trading on Friday, reaching $20.82. 3,998,144 shares of the stock traded hands, compared to its average volume of 3,517,289. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The stock's fifty day moving average is $20.83 and its 200-day moving average is $21.53. The company has a market cap of $14.56 billion, a P/E ratio of 44.29, a P/E/G ratio of 2.21 and a beta of 1.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $682.51 million. During the same quarter last year, the company posted $0.45 EPS. The firm's revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.81 earnings per share for the current year.

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.