Harbour Investments Inc. Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Harbour Investments Inc. purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, HoldingsChannel reports. The fund purchased 50,538 shares of the real estate investment trust’s stock, valued at approximately $1,156,000.

A number of other large investors have also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $25,000. S.A. Mason LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOC. Robert W. Baird upped their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wedbush upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Evercore ISI increased 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. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada increased 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, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Stock Down 1.8 %

DOC stock opened at $21.25 on Friday. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 2.43 and a beta of 1.13. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The business’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $21.03.

Healthpeak Properties (NYSE:DOC) last released 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). The company had revenue of $700.40 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) 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.