24,992 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, Holdings Channel reports. The firm bought 24,992 shares of the real estate investment trust’s stock, valued at approximately $572,000.

Several other hedge funds have also recently added to or reduced their stakes in DOC. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Healthpeak Properties during the third quarter valued at about $102,615,000. abrdn plc acquired a new position in Healthpeak Properties during the 3rd quarter valued at about $62,670,000. Swiss National Bank bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $47,774,000. Douglas Lane & Associates LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $33,947,000. Finally, Foresight Group Ltd Liability Partnership bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $33,212,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $21.62 on Friday. The stock has a market cap of $15.12 billion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. 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 business has a fifty day simple moving average of $22.20 and a 200-day simple moving average of $21.11.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.55%. Healthpeak Properties’s payout ratio is 255.32%.

Analyst Ratings Changes

Several brokerages recently commented on DOC. Royal Bank of Canada boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Citigroup lifted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wedbush upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.86.

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.