Riverview Trust Co Buys New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Riverview Trust Co bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,512 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Healthpeak Properties in the 3rd quarter worth $29,000. UMB Bank n.a. purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $40,000. Mather Group LLC. acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $60,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Healthpeak Properties in the 2nd quarter valued at $66,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $67,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.4 %

DOC opened at $22.63 on Friday. The business has a fifty day moving average price of $22.16 and a 200 day moving average price of $20.52. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.14. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 64.66, a PEG ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Sell-side analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.30 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.30%. Healthpeak Properties’s payout ratio is 342.86%.

Analyst Ratings Changes

DOC has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Wedbush raised their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, 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 report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average target price of $22.17.

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.