Prudent Man Advisors LLC Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Prudent Man Advisors LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOCFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,250 shares of the real estate investment trust’s stock, valued at approximately $212,000.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DOC shares. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One research 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 company. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

View Our Latest Stock Report on DOC

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.86 on Tuesday. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.32 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average price is $22.26 and its 200-day moving average price is $21.08. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOCGet Free Report) 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). 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 during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. Healthpeak Properties’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Healthpeak Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Healthpeak Properties (NYSE:DOC)

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