Exchange Traded Concepts LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Exchange Traded Concepts LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,962 shares of the real estate investment trust’s stock, valued at approximately $136,000.

Several other large investors have also modified their holdings of DOC. AMF Tjanstepension AB acquired a new position in Healthpeak Properties in the third quarter worth $15,548,000. Handelsbanken Fonder AB acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $11,668,000. Brookstone Capital Management bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $11,018,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $9,024,000. Finally, Sarasin & Partners LLP acquired a new stake in Healthpeak Properties during the third quarter worth about $10,425,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DOC. Wedbush lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Wells Fargo & Company restated 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. Royal Bank of Canada upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Citigroup raised their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI upped their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.62.

Healthpeak Properties Stock Up 1.1 %

Shares of DOC stock opened at $22.43 on Wednesday. Healthpeak Properties, Inc. has a 1 year low of $15.24 and a 1 year high of $23.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The business’s fifty day moving average is $22.19 and its 200-day moving average is $20.60. The stock has a market cap of $15.79 billion, a PE ratio of 64.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last released its earnings results 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). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Healthpeak Properties’s revenue was up 27.5% on a year-over-year basis. Equities analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

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.