CreativeOne Wealth LLC Invests $210,000 in Healthpeak Properties, Inc. (NYSE:DOC)

CreativeOne Wealth LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, HoldingsChannel reports. The firm purchased 9,190 shares of the real estate investment trust’s stock, valued at approximately $210,000.

A number of other hedge funds have also bought and sold shares of DOC. HM Payson & Co. bought a new position in Healthpeak Properties during the third quarter worth $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties during the third quarter worth $26,000. Rise Advisors LLC bought a new position in Healthpeak Properties during the third quarter worth $29,000. Fortitude Family Office LLC bought a new position in Healthpeak Properties during the third quarter worth $32,000. Finally, Barrett & Company Inc. bought a new position in Healthpeak Properties during the third quarter worth $33,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Citigroup lifted their price target 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. Evercore ISI lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Robert W. Baird lifted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Stock Down 0.6 %

Healthpeak Properties stock opened at $21.52 on Wednesday. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The stock has a market cap of $15.05 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The firm’s 50-day simple moving average is $22.14 and its 200 day simple moving average is $21.27. 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 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 return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

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.