Tidal Investments LLC Invests $1.59 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Tidal Investments LLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 69,346 shares of the real estate investment trust’s stock, valued at approximately $1,586,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cim Investment Management Inc. bought a new stake in shares of Healthpeak Properties during the third quarter worth $242,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Healthpeak Properties during the third quarter valued at $125,000. Sfmg LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at $2,245,000. World Investment Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at $291,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at $2,231,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $20.87 on Wednesday. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 2.37 and a beta of 1.13. 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 stock’s 50-day simple moving average is $21.92 and its 200-day simple moving average is $21.39.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the previous year, the firm posted $0.45 EPS. Healthpeak Properties’s revenue was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DOC shares. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Scotiabank raised their price target 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. Evercore ISI raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $22.93.

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.