MAI Capital Management Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

MAI Capital Management purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,739 shares of the real estate investment trust’s stock, valued at approximately $497,000.

Other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Healthpeak Properties during the 2nd quarter valued at approximately $66,000. Point72 DIFC Ltd acquired a new stake in shares of Healthpeak Properties during the second quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Healthpeak Properties during the second quarter worth $9,024,000. Centaurus Financial Inc. acquired a new position in Healthpeak Properties in the second quarter valued at $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Healthpeak Properties in the third quarter valued at $108,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC opened at $21.62 on Friday. The firm has a market capitalization of $15.12 billion, a P/E ratio of 46.45, a P/E/G ratio of 2.38 and a beta of 1.13. Healthpeak Properties, Inc. has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $21.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

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

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Analysts Set New Price Targets

DOC has been the subject of several research analyst reports. Wedbush lifted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Scotiabank lifted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Evercore ISI increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given 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 presently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

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.