Fortem Financial Group LLC Boosts Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Fortem Financial Group LLC lifted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,190 shares of the real estate investment trust’s stock after acquiring an additional 1,667 shares during the quarter. Fortem Financial Group LLC’s holdings in Healthpeak Properties were worth $997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthpeak Properties during the 2nd quarter worth approximately $66,000. Point72 DIFC Ltd bought a new stake in Healthpeak Properties during the second quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Healthpeak Properties during the second quarter worth $9,024,000. Centaurus Financial Inc. purchased a new position in Healthpeak Properties in the second quarter worth $227,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in Healthpeak Properties in the 3rd quarter valued at $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DOC shares. Evercore ISI boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Robert W. Baird raised their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $24.08.

Healthpeak Properties Price Performance

Shares of DOC traded down $0.39 during midday trading on Monday, hitting $20.03. 2,565,205 shares of the company traded hands, compared to its average volume of 2,423,332. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The firm has a market cap of $14.01 billion, a P/E ratio of 42.62, a PEG ratio of 2.31 and a beta of 1.14. 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 stock has a 50-day moving average of $21.35 and a 200-day moving average of $21.45.

Healthpeak Properties (NYSE:DOC) last posted 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 analysts’ expectations of $682.51 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.99%. Healthpeak Properties’s dividend payout ratio is currently 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.