Cerity Partners LLC Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Cerity Partners LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 220,847 shares of the real estate investment trust’s stock, valued at approximately $5,051,000.

Several other institutional investors also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties in the 2nd quarter worth approximately $66,000. Point72 DIFC Ltd purchased a new position in shares of Healthpeak Properties in the second quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Healthpeak Properties in the second quarter worth $9,024,000. Centaurus Financial Inc. bought a new stake in Healthpeak Properties during the 2nd quarter valued at $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Healthpeak Properties during the 3rd quarter valued at $108,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Evercore ISI lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have given 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 price target of $22.86.

Healthpeak Properties Trading Down 0.4 %

NYSE:DOC opened at $22.24 on Friday. The firm has a market capitalization of $15.56 billion, a P/E ratio of 47.32, a PEG ratio of 2.45 and a beta of 1.13. 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, Inc. has a one year low of $16.01 and a one year high of $23.26. The company’s 50-day simple moving average is $22.18 and its 200 day simple moving average is $21.21.

Healthpeak Properties (NYSE:DOC) last issued its quarterly 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 company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 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.