Harvest Portfolios Group Inc. Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Harvest Portfolios Group Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,098 shares of the real estate investment trust’s stock, valued at approximately $1,260,000.

Several other large investors also recently bought and sold shares of the company. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $25,000. S.A. Mason LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $22.33 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties, Inc. has a 1-year low of $15.44 and a 1-year high of $23.26. The firm has a market capitalization of $15.62 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.45 and a beta of 1.13. The business’s 50-day simple moving average is $22.30 and its 200-day simple moving average is $20.90.

Healthpeak Properties (NYSE:DOC) last posted its earnings results 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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. Equities analysts predict 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 will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DOC. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Robert W. Baird raised their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Citigroup raised their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given 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 price target of $22.86.

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.