Janney Montgomery Scott LLC Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Janney Montgomery Scott LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 641,383 shares of the real estate investment trust’s stock, valued at approximately $14,668,000. Janney Montgomery Scott LLC owned approximately 0.09% of Healthpeak Properties as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms have weighed in on DOC. Royal Bank of Canada raised their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Wedbush lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Citigroup upped their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $22.33 on Thursday. The business’s 50 day moving average is $22.30 and its 200-day moving average is $20.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $15.62 billion, a PE ratio of 47.51, a PEG ratio of 2.45 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $15.44 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly 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 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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

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.