Advisors Management Group Inc. ADV Invests $2.15 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Advisors Management Group Inc. ADV purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 94,194 shares of the real estate investment trust’s stock, valued at approximately $2,154,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. HM Payson & Co. bought a new stake in shares of Healthpeak Properties during the third quarter worth $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth about $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties during the 3rd quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new position in shares of Healthpeak Properties in the third quarter worth about $33,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Down 0.8 %

Shares of NYSE DOC opened at $22.33 on Thursday. Healthpeak Properties, Inc. has a 52-week low of $15.44 and a 52-week high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $15.62 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.45 and a beta of 1.13. The firm has a 50 day moving average price of $22.30 and a 200 day moving average price of $20.90.

Healthpeak Properties (NYSE:DOC) last announced its quarterly 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 firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped 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. Wedbush lifted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. One 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 issued a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties presently 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.