Sheaff Brock Investment Advisors LLC Acquires New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, HoldingsChannel reports. The fund acquired 63,220 shares of the real estate investment trust’s stock, valued at approximately $1,446,000.

A number of other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties during the third quarter valued at $102,615,000. abrdn plc acquired a new stake in Healthpeak Properties during the third quarter valued at $62,670,000. Douglas Lane & Associates LLC acquired a new stake in Healthpeak Properties during the third quarter valued at $33,947,000. Foresight Group Ltd Liability Partnership acquired a new stake in Healthpeak Properties during the third quarter valued at $33,212,000. Finally, Victory Capital Management Inc. acquired a new stake in Healthpeak Properties during the third quarter valued at $32,470,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 1.8 %

Shares of DOC opened at $20.86 on Friday. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month 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. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 2.41 and a beta of 1.13. The stock’s 50-day moving average price is $22.29 and its 200 day moving average price is $21.03.

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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. As a group, research analysts predict 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. Investors of record on Monday, November 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.75%. Healthpeak Properties’s dividend payout ratio is 255.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Wedbush boosted their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Scotiabank boosted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.