Avestar Capital LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Avestar Capital LLC 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 10,800 shares of the real estate investment trust’s stock, valued at approximately $247,000.

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

Analyst Ratings Changes

A number of brokerages have commented on DOC. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Robert W. Baird lifted their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup lifted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued 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.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Trading Down 0.4 %

DOC opened at $22.23 on Thursday. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The stock has a market capitalization of $15.55 billion, a PE ratio of 47.30, a P/E/G ratio of 2.45 and a beta of 1.13. The business’s 50 day moving average price is $22.18 and its 200 day moving average price is $21.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

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

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.