Equita Financial Network Inc. Acquires New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Equita Financial Network Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 71,543 shares of the real estate investment trust’s stock, valued at approximately $1,636,000.

A number of other institutional investors have also recently made changes to their positions in DOC. HM Payson & Co. acquired a new position in shares of Healthpeak Properties in the third quarter worth approximately $25,000. S.A. Mason LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $29,000. Fortitude Family Office LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth $32,000. Finally, Barrett & Company Inc. acquired a new position in Healthpeak Properties in the third quarter valued at $33,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.86 on Tuesday. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a market cap of $14.59 billion, a PE ratio of 44.38, a PEG ratio of 2.32 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. The firm has a 50-day moving average of $22.26 and a 200-day moving average of $21.08.

Healthpeak Properties (NYSE:DOC) last issued 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 return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wedbush increased their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

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.