Annex Advisory Services LLC Takes $361,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

Annex Advisory Services LLC purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,790 shares of the real estate investment trust’s stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOC. Virtu Financial LLC purchased a new stake in Healthpeak Properties in the fourth quarter valued at approximately $372,000. B. Riley Wealth Advisors Inc. raised its position in Healthpeak Properties by 36.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 6,354 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties in the second quarter valued at approximately $66,000. Point72 DIFC Ltd purchased a new stake in Healthpeak Properties in the second quarter valued at approximately $161,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Healthpeak Properties in the second quarter valued at approximately $9,024,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $21.67 on Monday. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $23.14. The stock has a market cap of $15.25 billion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a fifty day moving average price of $22.05 and a 200 day moving average price of $20.40.

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

Healthpeak Properties Announces Dividend

The firm also recently announced 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 of this dividend was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.54%. Healthpeak Properties’s payout ratio is 342.86%.

Analyst Ratings Changes

Several equities analysts have commented on DOC shares. Evercore ISI boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada boosted their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target 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.