Connable Office Inc. Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Connable Office Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,374 shares of the real estate investment trust’s stock, valued at approximately $443,000.

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

Healthpeak Properties Trading Down 1.8 %

NYSE:DOC opened at $21.25 on Friday. The firm has a 50-day simple moving average of $22.30 and a 200-day simple moving average of $21.03. 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 firm has a market cap of $14.86 billion, a P/E ratio of 45.21, a P/E/G ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its 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 company had revenue of $700.40 million during 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%. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal 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 5.65%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s payout ratio is presently 255.32%.

Analysts Set New Price Targets

Several brokerages recently commented on DOC. Citigroup upped their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Wedbush boosted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.