Connable Office Inc. Buys Shares of 19,374 Healthpeak Properties, Inc. (NYSE:DOC)

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

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore ISI upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Down 1.8 %

Shares of DOC stock opened at $21.25 on Friday. The company’s fifty day simple moving average is $22.30 and its two-hundred day simple moving average is $21.03. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market cap of $14.86 billion, a P/E ratio of 45.21, a PEG ratio of 2.41 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last posted its earnings results 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). The firm 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%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.30 dividend. 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 dividend payout ratio (DPR) 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.