Quantbot Technologies LP Takes $1.75 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Quantbot Technologies LP bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 76,652 shares of the real estate investment trust’s stock, valued at approximately $1,753,000.

Other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties during the third quarter worth about $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties in the third 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 during the 3rd quarter valued at about $33,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

NYSE DOC opened at $21.99 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13. The company has a 50 day simple moving average of $22.18 and a 200-day simple moving average of $21.23. Healthpeak Properties, Inc. has a 52-week low of $16.01 and a 52-week high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. 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 5.46%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent research reports. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada lifted 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. Robert W. Baird upped their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note 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, the company 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.