Aspen Wealth Strategies LLC Acquires Shares of 13,731 Healthpeak Properties, Inc. (NYSE:DOC)

Aspen Wealth Strategies LLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, HoldingsChannel.com reports. The firm bought 13,731 shares of the real estate investment trust’s stock, valued at approximately $314,000.

Several other hedge funds also recently made changes to their positions in DOC. Foresight Group Ltd Liability Partnership acquired a new stake in Healthpeak Properties during the third quarter worth approximately $33,212,000. Atomi Financial Group Inc. bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $399,000. Pensionfund Sabic acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth $2,556,000. Mirador Capital Partners LP bought a new position in shares of Healthpeak Properties in the third quarter worth $737,000. Finally, Sarasin & Partners LLP acquired a new position in Healthpeak Properties in the third quarter valued at about $10,425,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $22.45 on Friday. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 47.77, a PEG ratio of 2.53 and a beta of 1.14. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $22.31 and its 200-day moving average price is $20.76. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared 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 dividend yield of 5.35%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Scotiabank increased their price objective 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. Citigroup increased their price target 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. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price target (up previously 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 issued 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 a consensus rating of “Moderate Buy” and an average target price of $22.79.

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.