Vert Asset Management LLC Takes $6.26 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Vert Asset Management LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 273,758 shares of the real estate investment trust's stock, valued at approximately $6,261,000. Healthpeak Properties comprises about 2.2% of Vert Asset Management LLC's holdings, making the stock its 17th largest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Douglas Lane & Associates LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,947,000. Presima Securities ULC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $22,465,000. AMF Tjanstepension AB purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $15,548,000. Handelsbanken Fonder AB purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $11,668,000. Finally, Brookstone Capital Management purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $11,018,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOC. Citigroup raised their price target 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. Wedbush raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Scotiabank raised their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $22.17.

Healthpeak Properties Stock Performance

NYSE DOC traded up $0.33 during trading hours on Friday, hitting $22.64. The company had a trading volume of 3,709,260 shares, compared to its average volume of 5,658,499. The business has a 50 day moving average of $22.16 and a 200-day moving average of $20.53. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $23.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $15.93 billion, a PE ratio of 64.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The business had revenue of $695.50 million during the quarter, compared to analysts' expectations of $665.11 million. During the same period in the previous year, the company posted $0.45 earnings per share. Healthpeak Properties's quarterly revenue was up 27.5% on a year-over-year basis. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.30%. Healthpeak Properties's dividend payout ratio is currently 342.86%.

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.