10,984 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Bought by Good Life Advisors LLC

Good Life Advisors LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,984 shares of the real estate investment trust’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in shares of Healthpeak Properties by 36.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 6,354 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $66,000. Point72 DIFC Ltd acquired a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Healthpeak Properties in the 2nd quarter worth about $9,024,000. Finally, Centaurus Financial Inc. acquired a new stake in Healthpeak Properties in the 2nd quarter worth about $227,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

DOC has been the topic of several research analyst reports. Citigroup lifted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Scotiabank raised their target price 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. Finally, Wedbush raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.17.

Healthpeak Properties Trading Up 1.5 %

DOC opened at $22.64 on Monday. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 64.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. Healthpeak Properties, Inc. has a 52 week low of $15.24 and a 52 week high of $23.14. The business’s 50 day moving average is $22.16 and its two-hundred day moving average is $20.55. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91.

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 the consensus estimate of $0.44 by ($0.23). The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. On average, research analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s payout ratio is currently 342.86%.

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.