Verdence Capital Advisors LLC Invests $364,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Verdence Capital Advisors LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,904 shares of the real estate investment trust’s stock, valued at approximately $364,000.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DOC. Royal Bank of Canada upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. 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 report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One investment 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Performance

Shares of DOC opened at $22.34 on Tuesday. The firm has a market capitalization of $15.63 billion, a PE ratio of 47.53, a P/E/G ratio of 2.54 and a beta of 1.13. 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 moving average price of $22.32 and a 200 day moving average price of $20.98. Healthpeak Properties, Inc. has a 52-week low of $15.44 and a 52-week 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 during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.37%. 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.