Nisa Investment Advisors LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 233,216 shares of the real estate investment trust's stock, valued at approximately $5,334,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in Healthpeak Properties during the third quarter worth about $29,000. Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $33,000. Riverview Trust Co purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $35,000. UMB Bank n.a. acquired a new position in Healthpeak Properties in the third quarter valued at approximately $40,000. Finally, Cromwell Holdings LLC purchased a new position in Healthpeak Properties in the third quarter worth approximately $52,000. Institutional investors and hedge funds own 93.57% of the company's stock.
Wall Street Analyst Weigh In
DOC has been the topic of several recent analyst reports. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Evercore ISI upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Wells Fargo & Company reiterated an "equal weight" rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.79.
View Our Latest Stock Analysis on Healthpeak Properties
Healthpeak Properties Stock Down 2.1 %
DOC stock traded down $0.46 during mid-day trading on Friday, reaching $21.99. The company had a trading volume of 5,994,496 shares, compared to its average volume of 5,727,916. The firm has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $20.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.31. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. Healthpeak Properties, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $23.26.
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 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 analyst estimates of $682.51 million. During the same period last year, the business earned $0.45 EPS. The firm's revenue was up 25.9% compared to the same quarter last year. Analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.
Healthpeak Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.
About Healthpeak Properties
(
Free Report)
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.
Featured Stories
Before you consider Healthpeak Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthpeak Properties wasn't on the list.
While Healthpeak Properties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
