Resources Management Corp CT ADV Invests $142,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Resources Management Corp CT ADV bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,220 shares of the real estate investment trust’s stock, valued at approximately $142,000.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties in the 2nd quarter valued at approximately $66,000. Point72 DIFC Ltd purchased a new position in Healthpeak Properties in the 2nd quarter valued at approximately $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Healthpeak Properties in the 2nd quarter valued at approximately $9,024,000. Centaurus Financial Inc. purchased a new position in Healthpeak Properties in the 2nd quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $108,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $21.45 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock has a 50 day simple moving average of $22.02 and a 200-day simple moving average of $21.34. The company has a market cap of $15.00 billion, a PE ratio of 45.64, a P/E/G ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. 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 firm earned $0.45 EPS. On average, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.59%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DOC shares. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Evercore ISI increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.