Menard Financial Group LLC Buys Shares of 14,898 Healthpeak Properties, Inc. (NYSE:DOC)

Menard Financial Group LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, Holdings Channel.com reports. The fund purchased 14,898 shares of the real estate investment trust’s stock, valued at approximately $341,000.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new stake in Healthpeak Properties during the third quarter worth $1,880,000. Associated Banc Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $10,559,000. Pathstone Holdings LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $1,968,000. Swedbank AB purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $1,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Healthpeak Properties in the third quarter valued at about $9,361,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $21.52 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $22.14 and a 200-day simple moving average of $21.27. The stock has a market cap of $15.05 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 2.41 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.

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 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 business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Equities analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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. 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 5.58%. Healthpeak Properties’s payout ratio is currently 255.32%.

Analyst Ratings Changes

A number of brokerages have weighed in on DOC. Evercore ISI lifted their price target 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. Royal Bank of Canada boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Robert W. Baird raised their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Finally, Citigroup raised their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties 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.