Vert Asset Management LLC Takes $6.26 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Vert Asset Management LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 273,758 shares of the real estate investment trust’s stock, valued at approximately $6,261,000. Healthpeak Properties comprises about 2.2% of Vert Asset Management LLC’s holdings, making the stock its 17th biggest position.

Several other institutional investors also recently added to or reduced their stakes in DOC. Rise Advisors LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $29,000. UMB Bank n.a. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $40,000. Mather Group LLC. purchased a new position in Healthpeak Properties in the third quarter valued at approximately $60,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Healthpeak Properties during the second quarter valued at $66,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Healthpeak Properties in the third quarter worth $67,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

NYSE:DOC opened at $22.63 on Friday. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $23.14. The stock has a fifty day moving average of $22.16 and a 200 day moving average of $20.52. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 64.66, a P/E/G ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The business’s revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. On average, research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s payout ratio is 342.86%.

Analyst Ratings Changes

DOC has been the topic of a number of recent research reports. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup upped 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. 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 note on Tuesday, July 30th. Scotiabank upped their price target 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. Finally, Evercore ISI lifted their price objective on shares of 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 given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.17.

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.