PFG Investments LLC Takes $237,000 Position in Healthpeak Properties, Inc. (NYSE:DOC)

PFG Investments LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,359 shares of the real estate investment trust’s stock, valued at approximately $237,000.

Several other hedge funds have also added to or reduced their stakes in DOC. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthpeak Properties during the second quarter valued at $66,000. Point72 DIFC Ltd bought a new position in Healthpeak Properties during the 2nd quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Healthpeak Properties during the 2nd quarter worth about $9,024,000. Centaurus Financial Inc. bought a new stake in shares of Healthpeak Properties in the 2nd quarter valued at about $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $108,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Up 1.0 %

Shares of NYSE:DOC opened at $22.74 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $23.26. The business’s 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $20.74. The firm has a market cap of $16.00 billion, a P/E ratio of 64.97, a PEG ratio of 3.30 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period in the previous year, the company earned $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, research analysts forecast that Healthpeak Properties, Inc. will post 1.79 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 342.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DOC shares. Evercore ISI lifted 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 boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Scotiabank lifted 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, Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.79.

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.