Park Avenue Securities LLC Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Park Avenue Securities LLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 22,133 shares of the real estate investment trust’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties during the second quarter worth about $66,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $108,000. Point72 DIFC Ltd purchased a new stake in Healthpeak Properties during the 2nd quarter worth approximately $161,000. Novak & Powell Financial Services Inc. acquired a new stake in Healthpeak Properties during the 4th quarter worth approximately $206,000. Finally, Centaurus Financial Inc. purchased a new position in Healthpeak Properties in the 2nd quarter valued at approximately $227,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 0.8 %

DOC opened at $21.67 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. Healthpeak Properties, Inc. has a one year low of $15.24 and a one year high of $23.14. The business’s 50-day simple moving average is $22.05 and its 200-day simple moving average is $20.35. The stock has a market capitalization of $15.15 billion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.

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

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.54%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DOC. Wedbush upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Friday. 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 research note on Monday, September 9th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.17.

About Healthpeak Properties

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.