Advisors Management Group Inc. ADV Takes $2.15 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Advisors Management Group Inc. ADV acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 94,194 shares of the real estate investment trust’s stock, valued at approximately $2,154,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOC. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $272,000. Concurrent Investment Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $210,000. Armor Investment Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $1,030,000. Harvest Portfolios Group Inc. acquired a new stake in Healthpeak Properties during the third quarter worth approximately $1,260,000. Finally, Cornerstone Capital Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $9,691,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on DOC shares. Scotiabank increased their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. 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 stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $22.33 on Thursday. Healthpeak Properties, Inc. has a 1 year low of $15.44 and a 1 year high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $15.62 billion, a PE ratio of 47.51, a PEG ratio of 2.45 and a beta of 1.13. The firm’s fifty day simple moving average is $22.30 and its 200 day simple moving average is $20.90.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data 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). The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.37%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.