Stiles Financial Services Inc Invests $289,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Stiles Financial Services Inc acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, Holdings Channel reports. The firm acquired 12,634 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Several other large investors also recently added to or reduced their stakes in DOC. AIA Group Ltd purchased a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $293,000. Keynote Financial Services LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $257,000. Principal Financial Group Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $18,736,000. Leeward Investments LLC MA bought a new position in shares of Healthpeak Properties during the 3rd quarter worth $7,775,000. Finally, Advisors Management Group Inc. ADV purchased a new position in shares of Healthpeak Properties during the third quarter valued at $2,154,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOC has been the subject of a number of research reports. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Wedbush increased their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. 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 report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Trading Up 1.0 %

Healthpeak Properties stock opened at $22.56 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $15.78 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The stock has a 50-day moving average of $22.31 and a two-hundred day moving average of $20.91. Healthpeak Properties, Inc. has a one year low of $15.44 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data 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). The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.32%. Healthpeak Properties’s 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.