Harvest Portfolios Group Inc. Makes New $1.26 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Harvest Portfolios Group Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,098 shares of the real estate investment trust’s stock, valued at approximately $1,260,000.

A number of other hedge funds have also made changes to their positions in the business. abrdn plc acquired a new position in Healthpeak Properties in the third quarter valued at approximately $62,670,000. Douglas Lane & Associates LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $33,212,000. Asset Management One Co. Ltd. purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $29,934,000. Finally, Raymond James & Associates acquired a new stake in Healthpeak Properties during the 3rd quarter worth $25,711,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DOC. Robert W. Baird upped their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wedbush upped 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. Evercore ISI lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Trading Down 0.8 %

NYSE DOC opened at $22.33 on Thursday. Healthpeak Properties, Inc. has a 52-week low of $15.44 and a 52-week high of $23.26. The firm has a 50-day moving average price of $22.30 and a 200 day moving average price of $20.90. The stock has a market capitalization of $15.62 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.45 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

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

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.37%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.