Hexagon Capital Partners LLC Invests $79,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Hexagon Capital Partners LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,465 shares of the real estate investment trust’s stock, valued at approximately $79,000.

Several other institutional investors have also recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $60,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties in the 2nd quarter worth approximately $66,000. Quent Capital LLC purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $75,000. Massmutual Trust Co. FSB ADV purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $108,000. Finally, Point72 DIFC Ltd purchased a new stake in Healthpeak Properties in the 2nd quarter worth approximately $161,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $21.50 on Friday. The firm has a fifty day simple moving average of $22.05 and a two-hundred day simple moving average of $20.35. Healthpeak Properties, Inc. has a 52 week low of $15.24 and a 52 week high of $23.14. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $15.13 billion, a P/E ratio of 61.43, a PEG ratio of 2.36 and a beta of 1.14.

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

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.58%. Healthpeak Properties’s payout ratio is presently 342.86%.

Analysts Set New Price Targets

Several research firms recently issued reports on DOC. Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wedbush increased their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Citigroup increased their price objective on shares of 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 reiterated an “equal weight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.17.

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.