Moors & Cabot Inc. Invests $572,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Moors & Cabot Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,992 shares of the real estate investment trust's stock, valued at approximately $572,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $102,615,000. abrdn plc purchased a new position in Healthpeak Properties in the third quarter valued at $62,670,000. Swiss National Bank acquired a new stake in Healthpeak Properties in the third quarter valued at $47,774,000. Douglas Lane & Associates LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth about $33,947,000. Finally, Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $33,212,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Scotiabank raised their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a report on Monday, September 9th. Robert W. Baird upped their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $22.86.

Healthpeak Properties Trading Down 0.4 %

NYSE:DOC opened at $21.62 on Friday. 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 stock's 50 day simple moving average is $22.20 and its 200-day simple moving average is $21.11. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The firm has a market cap of $15.12 billion, a P/E ratio of 46.00, a PEG ratio of 2.42 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to analysts' expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was 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.