TD Private Client Wealth LLC Invests $295,000 in Healthpeak Properties, Inc. (NYSE:DOC)

TD Private Client Wealth LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,901 shares of the real estate investment trust’s stock, valued at approximately $295,000.

Several other large investors also recently bought and sold shares of DOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties during the 2nd quarter valued at $66,000. Point72 DIFC Ltd purchased a new stake in shares of Healthpeak Properties in the second quarter valued at $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Healthpeak Properties in the 2nd quarter worth about $9,024,000. Centaurus Financial Inc. purchased a new position in shares of Healthpeak Properties during the 2nd quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in Healthpeak Properties during the 3rd quarter valued at about $108,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $20.76 on Friday. The stock has a market capitalization of $14.52 billion, a P/E ratio of 44.17, a PEG ratio of 2.37 and a beta of 1.13. 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, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a 50 day moving average price of $21.94 and a 200 day moving average price of $21.36.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current 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 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 yield of 5.78%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DOC shares. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Scotiabank lifted 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. Mizuho dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. 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 note on Monday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Healthpeak Properties Company 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.