Moors & Cabot Inc. Invests $572,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Moors & Cabot Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,992 shares of the real estate investment trust’s stock, valued at approximately $572,000.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOC. Robert W. Baird upped their target price 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. Wedbush lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Scotiabank raised their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $21.62 on Friday. The stock has a market capitalization of $15.12 billion, a P/E ratio of 46.00, a P/E/G ratio of 2.38 and a beta of 1.13. The firm’s 50-day moving average price is $22.20 and its two-hundred day moving average price is $21.11. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

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

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.55%. Healthpeak Properties’s dividend payout ratio is currently 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.