Oxbow Advisors LLC Invests $8.58 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Oxbow Advisors LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, Holdings Channel reports. The institutional investor acquired 374,956 shares of the real estate investment trust’s stock, valued at approximately $8,575,000. Healthpeak Properties comprises 0.9% of Oxbow Advisors LLC’s portfolio, making the stock its 29th largest position.

Other large investors have also modified their holdings of the company. HM Payson & Co. acquired a new position in shares of Healthpeak Properties during the third quarter worth $25,000. S.A. Mason LLC acquired a new position in shares of Healthpeak Properties during the third quarter worth $26,000. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties during the third quarter worth $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties during the third quarter worth $32,000. Finally, Barrett & Company Inc. acquired a new position in shares of Healthpeak Properties during the third quarter worth $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE:DOC traded up $0.20 during mid-day trading on Friday, reaching $22.76. The stock had a trading volume of 3,908,435 shares, compared to its average volume of 5,932,766. 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 firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 2.49 and a beta of 1.13. Healthpeak Properties, Inc. has a twelve month low of $15.44 and a twelve month high of $23.26. The business has a 50 day simple moving average of $22.32 and a 200 day simple moving average of $20.94.

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 analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. Healthpeak Properties’s revenue was up 25.9% on a year-over-year basis. On average, analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.27%. Healthpeak Properties’s payout ratio is 255.32%.

Wall Street Analyst Weigh In

DOC has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Citigroup upped their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Finally, Wedbush upped their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Company 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.