220,847 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Cerity Partners LLC

Cerity Partners LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, HoldingsChannel reports. The institutional investor bought 220,847 shares of the real estate investment trust’s stock, valued at approximately $5,051,000.

Several other hedge funds have also recently modified their holdings of DOC. Point72 Asia Singapore Pte. Ltd. bought a new stake in Healthpeak Properties in the 2nd quarter worth about $66,000. Point72 DIFC Ltd purchased a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Healthpeak Properties in the second quarter worth approximately $9,024,000. Centaurus Financial Inc. purchased a new position in shares of Healthpeak Properties during the second quarter valued at approximately $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in Healthpeak Properties during the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.4 %

Shares of Healthpeak Properties stock opened at $22.24 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The company has a fifty day moving average of $22.18 and a 200 day moving average of $21.21. The company has a market capitalization of $15.56 billion, a P/E ratio of 47.32, a P/E/G ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its earnings results 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.40%. Healthpeak Properties’s dividend payout ratio is 255.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Robert W. Baird increased their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup boosted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Scotiabank increased their price objective 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, Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.86.

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.