Stiles Financial Services Inc Invests $289,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Stiles Financial Services Inc acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,634 shares of the real estate investment trust’s stock, valued at approximately $289,000.

A number of other large investors also recently modified their holdings of the company. Foresight Group Ltd Liability Partnership bought a new stake in Healthpeak Properties during the third quarter valued at about $33,212,000. Atomi Financial Group Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter worth about $399,000. Nisa Investment Advisors LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $5,334,000. Pensionfund Sabic purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $2,556,000. Finally, First Trust Direct Indexing L.P. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $959,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.0 %

DOC stock opened at $22.56 on Friday. Healthpeak Properties, Inc. has a twelve month low of $15.44 and a twelve month high of $23.26. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $22.31 and its two-hundred day simple moving average is $20.91.

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 the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.32%. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Ratings Changes

DOC has been the topic of several recent analyst reports. Evercore ISI lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. Robert W. Baird lifted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.86.

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.