Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC boosted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 148,636 shares of the real estate investment trust’s stock after acquiring an additional 1,403 shares during the quarter. Healthpeak Properties comprises about 2.0% of Wolff Wiese Magana LLC’s portfolio, making the stock its 10th largest position. Wolff Wiese Magana LLC’s holdings in Healthpeak Properties were worth $3,013,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Mizuho decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. 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 research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.15.

Healthpeak Properties Price Performance

NYSE:DOC opened at $20.64 on Wednesday. Healthpeak Properties, Inc. has a 12 month low of $16.01 and a 12 month high of $23.26. The stock has a 50 day moving average of $21.02 and a two-hundred day moving average of $21.49. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $14.44 billion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. On average, analysts expect that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend 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.