15,950 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Purchased by New Millennium Group LLC

New Millennium Group LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,950 shares of the real estate investment trust’s stock, valued at approximately $365,000.

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

Healthpeak Properties Trading Up 0.0 %

Shares of DOC stock opened at $20.88 on Tuesday. 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 business has a 50-day moving average of $22.26 and a 200 day moving average of $21.08. The stock has a market capitalization of $14.60 billion, a PE ratio of 44.38, a P/E/G ratio of 2.32 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued 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). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

Wall Street Analyst Weigh In

DOC has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Citigroup boosted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus 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.