Concurrent Investment Advisors LLC Buys New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Concurrent Investment Advisors LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,190 shares of the real estate investment trust’s stock, valued at approximately $210,000.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DOC. Robert W. Baird increased their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 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 report on Monday, September 9th. Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Down 1.8 %

Shares of DOC stock opened at $22.34 on Tuesday. Healthpeak Properties, Inc. has a 52-week low of $15.44 and a 52-week high of $23.26. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 2.54 and a beta of 1.13. The firm’s 50-day moving average is $22.32 and its 200-day moving average is $20.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

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 the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.45 earnings per share. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.37%. Healthpeak Properties’s payout ratio is presently 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.