Frank Rimerman Advisors LLC Makes New $629,000 Investment in Healthpeak Properties, Inc. (NYSE:DOC)

by · The Cerbat Gem

Frank Rimerman Advisors LLC acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,495 shares of the real estate investment trust’s stock, valued at approximately $629,000.

A number of other institutional investors have also recently added to or reduced their stakes in DOC. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $29,000. Riverview Trust Co bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $35,000. UMB Bank n.a. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $40,000. Cromwell Holdings LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $52,000. Finally, Mather Group LLC. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of recent research reports. Wedbush boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Evercore ISI boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Citigroup upped their target price on shares of 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 issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.62.

View Our Latest Analysis on DOC

Healthpeak Properties Stock Down 3.1 %

DOC stock opened at $22.29 on Monday. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $23.26. The company’s 50 day simple moving average is $22.26 and its 200-day simple moving average is $20.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $15.69 billion, a P/E ratio of 63.69, a P/E/G ratio of 3.30 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC – Get Free Report) last released 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). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.79 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.38%. Healthpeak Properties’s dividend payout ratio is presently 342.86%.

Healthpeak Properties Company Profile

(Free Report)

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.

See Also

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