NBC Securities Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

NBC Securities Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,079 shares of the real estate investment trust’s stock, valued at approximately $70,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Atomi Financial Group Inc. bought a new position in Healthpeak Properties during the third quarter valued at approximately $399,000. Pensionfund Sabic bought a new stake in Healthpeak Properties in the 3rd quarter worth approximately $2,556,000. Mirador Capital Partners LP purchased a new stake in Healthpeak Properties during the 3rd quarter valued at $737,000. Sarasin & Partners LLP bought a new position in shares of Healthpeak Properties during the 3rd quarter valued at $10,425,000. Finally, GAMMA Investing LLC purchased a new position in shares of Healthpeak Properties in the 3rd quarter worth $605,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company reissued an “equal weight” rating and set 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 upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wedbush lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.17.

Healthpeak Properties Stock Up 1.5 %

Shares of NYSE:DOC opened at $22.64 on Monday. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 2.27 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 has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $22.16 and a 200 day moving average price of $20.55.

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

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s payout ratio is 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.