Diversified Trust Co Acquires Shares of 10,061 Healthpeak Properties, Inc. (NYSE:DOC)

Diversified Trust Co acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, HoldingsChannel reports. The fund acquired 10,061 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other institutional investors also recently modified their holdings of DOC. Quent Capital LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $75,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Healthpeak Properties in the 2nd quarter worth approximately $66,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $108,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Healthpeak Properties by 36.4% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 6,354 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Healthpeak Properties in the second quarter worth $161,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $21.67 on Friday. The company has a market capitalization of $15.15 billion, a PE ratio of 46.11, a PEG ratio of 2.27 and a beta of 1.14. The business has a fifty day moving average price of $22.05 and a 200-day moving average price of $20.35. 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 current ratio of 0.70 and a quick ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.54%. Healthpeak Properties’s payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DOC. Citigroup boosted their price objective 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. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Wedbush raised their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.17.

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.