Fernwood Investment Management LLC Makes New $218,000 Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Fernwood Investment Management LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,526 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other hedge funds have also recently made changes to their positions in the company. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties during the 3rd quarter valued at about $33,212,000. Atomi Financial Group Inc. bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $399,000. Pensionfund Sabic purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $2,556,000. Mirador Capital Partners LP bought a new stake in Healthpeak Properties during the third quarter worth $737,000. Finally, Sarasin & Partners LLP purchased a new stake in Healthpeak Properties in the 3rd quarter valued at $10,425,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DOC shares. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Wedbush upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Finally, 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 research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.79.

Healthpeak Properties Price Performance

Shares of DOC stock traded down $0.47 during trading on Friday, hitting $21.98. The company had a trading volume of 5,994,861 shares, compared to its average volume of 5,129,889. Healthpeak Properties, Inc. has a 52 week low of $15.44 and a 52 week high of $23.26. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average is $22.30 and its two-hundred day moving average is $20.81.

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 for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter last year, the business posted $0.45 EPS. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.46%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Healthpeak Properties 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.