Oppenheimer & Co. Inc. Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Oppenheimer & Co. Inc. bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 41,852 shares of the real estate investment trust’s stock, valued at approximately $957,000.

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

Healthpeak Properties Stock Up 2.6 %

DOC stock opened at $21.41 on Wednesday. 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 50 day simple moving average of $22.24 and a 200-day simple moving average of $21.09. The company has a market capitalization of $14.97 billion, a P/E ratio of 45.49, a PEG ratio of 2.32 and a beta of 1.13. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company 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%. Healthpeak Properties’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.61%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is currently 255.32%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DOC. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.