Merit Financial Group LLC Buys Shares of 24,963 Healthpeak Properties, Inc. (NYSE:DOC)

Merit Financial Group LLC bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 24,963 shares of the real estate investment trust’s stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AdvisorNet Financial Inc lifted its stake in shares of Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 563 shares during the period. Mirador Capital Partners LP increased its holdings in Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after buying an additional 901 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $26,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Healthpeak Properties by 5.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 1,186 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOC has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada upped 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, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Stock Performance

Shares of DOC opened at $20.66 on Friday. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $21.53. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 2.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

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 period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.81 EPS for the current year.

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.