Resources Management Corp CT ADV Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Resources Management Corp CT ADV bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,220 shares of the real estate investment trust’s stock, valued at approximately $142,000.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $29,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

NYSE:DOC opened at $21.45 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $15.00 billion, a P/E ratio of 45.64, a P/E/G ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock’s fifty day moving average is $22.02 and its two-hundred day moving average is $21.34.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share. Equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on DOC. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday. Evercore ISI lifted their price target 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, Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

About Healthpeak Properties

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.