GSA Capital Partners LLP Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

GSA Capital Partners LLP purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 78,094 shares of the real estate investment trust’s stock, valued at approximately $1,786,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HM Payson & Co. acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $25,000. S.A. Mason LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $21.77 on Wednesday. The firm has a market capitalization of $15.23 billion, a PE ratio of 46.32, a PEG ratio of 2.54 and a beta of 1.13. The company’s 50-day moving average is $22.32 and its 200-day moving average is $21.00. Healthpeak Properties, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $23.26. 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 (NYSE:DOC) last issued 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%. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s payout ratio is presently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent research reports. Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” 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 increased their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Scotiabank increased their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.86.

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.