NBC Securities Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

NBC Securities Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,079 shares of the real estate investment trust’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DOC. Douglas Lane & Associates LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at $33,947,000. AMF Tjanstepension AB bought a new stake in shares of Healthpeak Properties during the third quarter worth $15,548,000. Handelsbanken Fonder AB purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $11,668,000. Brookstone Capital Management purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $11,018,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Healthpeak Properties in the second quarter worth about $9,024,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wedbush lifted their price objective 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Citigroup raised 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. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $22.17.

Healthpeak Properties Trading Up 1.5 %

Shares of NYSE DOC opened at $22.64 on Monday. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $23.14. The business has a fifty day moving average price of $22.16 and a 200 day moving average price of $20.55. The stock has a market capitalization of $15.93 billion, a P/E ratio of 64.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. Equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.30%. Healthpeak Properties’s dividend payout ratio (DPR) is 342.86%.

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.