20,328 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,328 shares of the real estate investment trust’s stock, valued at approximately $465,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $102,615,000. abrdn plc bought a new position in Healthpeak Properties in the 3rd quarter valued at $62,670,000. Douglas Lane & Associates LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $33,947,000. Foresight Group Ltd Liability Partnership bought a new position in Healthpeak Properties during the third quarter valued at $33,212,000. Finally, Victory Capital Management Inc. purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $32,470,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DOC shares. Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup boosted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Wedbush increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Scotiabank upped their target price on shares of 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 assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Performance

DOC opened at $21.43 on Thursday. The firm has a market cap of $14.99 billion, a P/E ratio of 45.85, a PEG ratio of 2.32 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26. The company has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $21.11. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (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 business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same period last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 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.