Duff & Phelps Investment Management Co. Invests $14.87 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Duff & Phelps Investment Management Co. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 650,088 shares of the real estate investment trust’s stock, valued at approximately $14,868,000. Duff & Phelps Investment Management Co. owned 0.09% of Healthpeak Properties as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on DOC. Mizuho lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $21.38 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a 50-day simple moving average of $22.07 and a 200 day simple moving average of $21.30. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a market cap of $14.95 billion, a PE ratio of 45.49, a P/E/G ratio of 2.38 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Healthpeak Properties Company Profile

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.