15,950 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by New Millennium Group LLC

New Millennium Group LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 15,950 shares of the real estate investment trust’s stock, valued at approximately $365,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HM Payson & Co. purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties in the third quarter worth about $26,000. Rise Advisors LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $20.88 on Tuesday. The stock has a market cap of $14.60 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The firm has a fifty day moving average price of $22.26 and a 200-day moving average price of $21.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

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

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DOC shares. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Citigroup upped their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus 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.