Napa Wealth Management Invests $316,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Napa Wealth Management acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 13,833 shares of the real estate investment trust’s stock, valued at approximately $316,000.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DOC. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Wedbush boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada increased their price objective 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, Robert W. Baird lifted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $20.86 on Monday. The stock has a market cap of $14.59 billion, a P/E ratio of 44.38, a P/E/G ratio of 2.32 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 stock has a 50 day moving average of $22.26 and a two-hundred day moving average of $21.06. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to analyst estimates 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 was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid 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 5.75%. Healthpeak Properties’s dividend payout ratio (DPR) 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.