Meridian Investment Counsel Inc. Purchases Shares of 115,008 Healthpeak Properties, Inc. (NYSE:DOC)

Meridian Investment Counsel Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, HoldingsChannel.com reports. The firm acquired 115,008 shares of the real estate investment trust’s stock, valued at approximately $2,630,000.

Several other large investors have also recently bought and sold shares of the stock. HM Payson & Co. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties in the third quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

NYSE DOC opened at $20.86 on Friday. The firm’s 50 day simple moving average is $22.29 and its 200 day simple moving average is $21.03. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. As a group, research 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.75%. Healthpeak Properties’s payout ratio is presently 255.32%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DOC. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Wedbush raised 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. Finally, Citigroup boosted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Company 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.