Sheaff Brock Investment Advisors LLC Purchases New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 63,220 shares of the real estate investment trust's stock, valued at approximately $1,446,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOC. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Healthpeak Properties during the third quarter worth about $102,615,000. abrdn plc purchased a new position in Healthpeak Properties in the third quarter valued at approximately $62,670,000. Douglas Lane & Associates LLC purchased a new stake in Healthpeak Properties in the third quarter worth $33,947,000. Foresight Group Ltd Liability Partnership bought a new stake in shares of Healthpeak Properties in the third quarter valued at $33,212,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $32,470,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

DOC traded down $0.39 during midday trading on Friday, hitting $20.86. The stock had a trading volume of 7,300,788 shares, compared to its average volume of 5,745,080. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year 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 has a fifty day moving average of $22.26 and a 200 day moving average of $21.04. The company has a market cap of $14.59 billion, a P/E ratio of 44.38, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DOC. Wedbush boosted 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. 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 note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.86.

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.