Venturi Wealth Management LLC Purchases New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Venturi Wealth Management LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,365 shares of the real estate investment trust’s stock, valued at approximately $146,000.

Several other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Healthpeak Properties in the 2nd quarter worth about $66,000. Point72 DIFC Ltd purchased a new stake in shares of Healthpeak Properties in the second quarter valued at approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Healthpeak Properties during the 2nd quarter worth approximately $9,024,000. Centaurus Financial Inc. purchased a new position in shares of Healthpeak Properties during the 2nd quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $108,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOC has been the subject of a number of research analyst reports. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Evercore ISI raised their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Robert W. Baird boosted their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $21.65 on Thursday. The company’s 50-day moving average is $22.30 and its two-hundred day moving average is $21.03. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 2.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

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

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 4th. 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%.

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.