Rehmann Capital Advisory Group Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Rehmann Capital Advisory Group purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 35,077 shares of the real estate investment trust's stock, valued at approximately $802,000.

Several other large investors have also recently made changes to their positions in DOC. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $26,000. Rise Advisors LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in Healthpeak Properties in the 3rd quarter valued at $32,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $33,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOC has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Robert W. Baird increased their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Scotiabank lifted their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.93.

Healthpeak Properties Stock Down 1.6 %

Shares of DOC stock traded down $0.34 on Thursday, reaching $20.93. 3,729,258 shares of the company's stock traded hands, compared to its average volume of 5,642,951. The company has a market capitalization of $14.64 billion, a P/E ratio of 44.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The business's 50 day moving average price is $21.97 and its two-hundred day moving average price is $21.33.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (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 for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is currently 255.32%.

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.