Archer Investment Corp Purchases New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Archer Investment Corp purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,876 shares of the real estate investment trust’s stock, valued at approximately $294,000.

A number of other hedge funds also recently bought and sold shares of DOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Healthpeak Properties in the second quarter valued at $66,000. Point72 DIFC Ltd bought a new position in shares of Healthpeak Properties in the second quarter worth about $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Healthpeak Properties in the second quarter worth about $9,024,000. Centaurus Financial Inc. bought a new position in shares of Healthpeak Properties in the second quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of Healthpeak Properties in the third quarter worth about $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 2.0 %

DOC traded down $0.42 on Friday, reaching $20.83. The company’s stock had a trading volume of 753,974 shares, compared to its average volume of 5,714,406. The stock has a 50 day moving average of $22.30 and a two-hundred day moving average of $21.03. 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 company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 45.21, a P/E/G ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Analyst Upgrades and Downgrades

Several analysts have commented on DOC shares. Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Wedbush increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price 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.