Cim Investment Management Inc. Acquires New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Cim Investment Management Inc. bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,561 shares of the real estate investment trust’s stock, valued at approximately $242,000.

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

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $20.93 on Friday. The firm has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $21.33. 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. The stock has a market capitalization of $14.64 billion, a P/E ratio of 44.53, a PEG ratio of 2.37 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data 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 net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Scotiabank increased their price objective 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. Citigroup raised their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird increased their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

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.