Redwood Investment Management LLC Buys New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Redwood Investment Management LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 87,933 shares of the real estate investment trust's stock, valued at approximately $1,989,000.

A number of other institutional investors have also added to or reduced their stakes in DOC. HM Payson & Co. bought a new position in Healthpeak Properties during the third quarter valued at about $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties in the third quarter worth $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties in the third quarter valued at $29,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $32,000. Finally, Barrett & Company Inc. bought a new position in shares of Healthpeak Properties during the 3rd quarter worth $33,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Trading Down 0.6 %

Shares of DOC traded down $0.12 during mid-day trading on Friday, reaching $21.37. The company's stock had a trading volume of 3,822,934 shares, compared to its average volume of 5,670,287. 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, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company's fifty day moving average price is $22.07 and its two-hundred day moving average price is $21.28. The stock has a market cap of $14.94 billion, a PE ratio of 45.46, a P/E/G ratio of 2.39 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 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 company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's payout ratio is 255.32%.

Analyst Ratings Changes

DOC has been the topic of several recent research reports. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Scotiabank increased their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a report on Monday, September 9th. Finally, Evercore ISI raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

Healthpeak Properties Company 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.