Raymond James Trust N.A. Purchases New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Raymond James Trust N.A. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,406 shares of the real estate investment trust’s stock, valued at approximately $581,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DOC. Charles Schwab Investment Management Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $230,988,000. Foundry Partners LLC bought a new stake in shares of Healthpeak Properties in the third quarter valued at about $12,602,000. Landscape Capital Management L.L.C. bought a new stake in Healthpeak Properties in the 3rd quarter valued at $1,011,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Healthpeak Properties in the third quarter worth about $9,361,000. Finally, Moors & Cabot Inc. acquired a new stake in Healthpeak Properties during the third quarter valued at approximately $572,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Royal Bank of Canada increased 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, November 4th. Wedbush boosted their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. 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. 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Up 1.7 %

Shares of DOC opened at $21.99 on Tuesday. The business’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $21.16. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. On average, analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is 255.32%.

Healthpeak Properties 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.