B. Riley Wealth Advisors Inc. Purchases New Stake in Healthpeak Properties, Inc. (NYSE:DOC)

B. Riley Wealth Advisors Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,177 shares of the real estate investment trust’s stock, valued at approximately $745,000.

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

Analyst Upgrades and Downgrades

DOC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Mizuho lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Robert W. Baird upped 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.98 on Thursday. The stock’s 50 day moving average price is $21.86 and its 200 day moving average price is $21.39. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 42.51, a PEG ratio of 2.37 and a beta of 1.13. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted 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 business had revenue of $700.40 million for 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%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 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.