Fortem Financial Group LLC Takes $1.09 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Fortem Financial Group LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 47,523 shares of the real estate investment trust’s stock, valued at approximately $1,087,000.

A number of other hedge funds also recently bought and sold shares of DOC. Thrivent Financial for Lutherans bought a new position in shares of Healthpeak Properties in the third quarter worth approximately $1,880,000. Swedbank AB bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $1,832,000. Associated Banc Corp purchased a new stake in Healthpeak Properties during the 3rd quarter valued at $10,559,000. Pathstone Holdings LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth $1,968,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Healthpeak Properties in the third quarter worth $9,361,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $21.45 on Wednesday. The company has a market capitalization of $15.00 billion, a P/E ratio of 45.64, a P/E/G ratio of 2.38 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. The firm’s 50 day simple moving average is $22.02 and its two-hundred day simple moving average is $21.34. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last released its 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 net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter last year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Research analysts expect 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 was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DOC shares. 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. Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.93.

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.