LRI Investments LLC Invests $71,000 in Healthpeak Properties, Inc. (NYSE:DOC)

LRI Investments LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,362 shares of the real estate investment trust’s stock, valued at approximately $71,000.

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

Healthpeak Properties Stock Down 1.2 %

DOC stock opened at $21.45 on Wednesday. The stock has a market cap of $15.00 billion, a P/E ratio of 45.64, a P/E/G ratio of 2.38 and a beta of 1.13. 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 stock’s fifty day simple moving average is $22.02 and its two-hundred day simple moving average is $21.34. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

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

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.59%. Healthpeak Properties’s payout ratio is currently 255.32%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday. Citigroup boosted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Mizuho dropped their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Scotiabank boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.93.

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.