Probity Advisors Inc. Buys Shares of 12,923 Healthpeak Properties, Inc. (NYSE:DOC)

Probity Advisors Inc. bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,923 shares of the real estate investment trust’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $29,000. UMB Bank n.a. purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $40,000. Mather Group LLC. purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $60,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties in the 2nd quarter valued at about $66,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $67,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 1.7 %

NYSE DOC opened at $22.31 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. Healthpeak Properties, Inc. has a one year low of $15.24 and a one year high of $23.14. The company’s 50 day moving average price is $22.14 and its 200 day moving average price is $20.49. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is 342.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DOC shares. 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 report on Tuesday, October 1st. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Wedbush increased their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Scotiabank increased their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Finally, StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Friday, October 11th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.17.

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.