Pathway Financial Advisers LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Pathway Financial Advisers LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,129 shares of the real estate investment trust’s stock, valued at approximately $437,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rise Advisors LLC bought a new stake in Healthpeak Properties in the third quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $32,000. Barrett & Company Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $33,000. Riverview Trust Co acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $35,000. Finally, UMB Bank n.a. acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $40,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Up 1.0 %

Shares of NYSE DOC opened at $22.74 on Thursday. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 64.97, a PEG ratio of 3.30 and a beta of 1.14. The business has a 50 day simple moving average of $22.29 and a 200 day simple moving average of $20.74. Healthpeak Properties, Inc. has a 52 week low of $15.24 and a 52 week high of $23.26. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results 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). 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 11.93% and a return on equity of 3.51%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, research analysts predict that Healthpeak Properties, Inc. will post 1.79 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.28%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.86%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DOC shares. Evercore ISI boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Robert W. Baird boosted their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Scotiabank lifted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.79.

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.