LDR Capital Management LLC Purchases New Position in Healthpeak Properties, Inc. (NYSE:DOC)

LDR Capital Management LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 162,024 shares of the real estate investment trust’s stock, valued at approximately $3,705,000. Healthpeak Properties makes up about 4.1% of LDR Capital Management LLC’s holdings, making the stock its 4th biggest position.

Several other institutional investors have also recently bought and sold shares of DOC. B. Riley Wealth Advisors Inc. raised its position in Healthpeak Properties by 36.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 6,354 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Healthpeak Properties in the 2nd quarter valued at $66,000. Point72 DIFC Ltd bought a new position in Healthpeak Properties in the 2nd quarter valued at $161,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Healthpeak Properties in the 2nd quarter valued at $9,024,000. Finally, Centaurus Financial Inc. bought a new position in Healthpeak Properties in the 2nd quarter valued at $227,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 2.0 %

NYSE DOC opened at $22.18 on Tuesday. The stock has a 50-day simple moving average of $22.18 and a 200 day simple moving average of $20.58. The company has a market capitalization of $15.61 billion, a PE ratio of 63.37, a P/E/G ratio of 2.27 and a beta of 1.14. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties, Inc. has a 12 month low of $15.24 and a 12 month high of $23.14.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. Research analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were paid a $0.30 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.41%. Healthpeak Properties’s payout ratio is 342.86%.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $28.00 in a research report on Monday. Scotiabank boosted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Citigroup boosted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.62.

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.