Foundry Partners LLC Invests $12.60 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Foundry Partners LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, Holdings Channel.com reports. The fund bought 551,040 shares of the real estate investment trust’s stock, valued at approximately $12,602,000.

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

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $21.43 on Thursday. The stock’s 50 day moving average is $22.22 and its 200 day moving average is $21.11. The company has a market capitalization of $14.99 billion, a P/E ratio of 45.59, a PEG ratio of 2.38 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. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. 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 firm also recently disclosed 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 annualized dividend and a dividend yield of 5.60%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Analyst Ratings Changes

DOC has been the subject of several analyst reports. 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. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Wedbush lifted their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Citigroup increased their target price 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.86.

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.