GAMMA Investing LLC Purchases Shares of 26,442 Healthpeak Properties, Inc. (NYSE:DOC)

GAMMA Investing LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 26,442 shares of the real estate investment trust’s stock, valued at approximately $605,000.

Other large investors have also made changes to their positions in the company. AMF Tjanstepension AB acquired a new stake in Healthpeak Properties in the 3rd quarter valued at approximately $15,548,000. Handelsbanken Fonder AB bought a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $11,668,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Healthpeak Properties in the second quarter worth $9,024,000. Czech National Bank bought a new position in Healthpeak Properties during the third quarter worth $3,279,000. Finally, SG Americas Securities LLC acquired a new position in Healthpeak Properties during the 3rd quarter valued at $2,601,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DOC. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Scotiabank boosted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Evercore ISI boosted 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, September 16th. Finally, Wedbush raised their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $22.17.

Healthpeak Properties Price Performance

NYSE:DOC opened at $21.82 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market cap of $15.36 billion, a PE ratio of 62.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.14. The company’s 50-day moving average price is $22.06 and its two-hundred day moving average price is $20.33.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.50%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

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.