Menard Financial Group LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Menard Financial Group LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,898 shares of the real estate investment trust’s stock, valued at approximately $341,000.

Other large investors have also made changes to their positions in the company. NFJ Investment Group LLC acquired a new position in Healthpeak Properties during the third quarter valued at $3,385,000. Integrated Wealth Concepts LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at about $347,000. Investment Management Corp of Ontario acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $535,000. Janus Henderson Group PLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $1,779,000. Finally, Heitman Real Estate Securities LLC acquired a new stake in Healthpeak Properties during the third quarter worth about $69,118,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 0.6 %

Shares of DOC opened at $21.52 on Wednesday. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26. The stock has a market cap of $15.05 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The firm’s fifty day moving average is $22.14 and its two-hundred day moving average is $21.27. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last posted 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). The business 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 was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Research analysts forecast that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.58%. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company reiterated 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. Scotiabank raised their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties 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.