Goldstone Financial Group LLC Invests $212,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Goldstone Financial Group LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 9,285 shares of the real estate investment trust’s stock, valued at approximately $212,000.

A number of other institutional investors also recently added to or reduced their stakes in DOC. abrdn plc purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $62,670,000. Douglas Lane & Associates LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $33,212,000. Raymond James & Associates purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $25,711,000. Finally, Presima Securities ULC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $22,465,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 1.2 %

Shares of DOC stock opened at $22.45 on Friday. The stock has a market cap of $15.70 billion, a P/E ratio of 47.77, a P/E/G ratio of 3.30 and a beta of 1.14. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $23.26. The business has a fifty day simple moving average of $22.31 and a 200-day simple moving average of $20.75.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter last year, the business posted $0.45 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.79 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s payout ratio is currently 255.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOC. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Robert W. Baird boosted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday. Wedbush raised their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.79.

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.