Tectonic Advisors LLC Buys Shares of 332,310 Healthpeak Properties, Inc. (NYSE:DOC)

Tectonic Advisors LLC bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 332,310 shares of the real estate investment trust’s stock, valued at approximately $7,600,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $29,000. Riverview Trust Co acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $35,000. UMB Bank n.a. acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $40,000. Mather Group LLC. acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $60,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $67,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DOC. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Scotiabank boosted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Citigroup boosted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI increased their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $22.62.

Healthpeak Properties Trading Down 0.6 %

Shares of DOC opened at $22.99 on Friday. Healthpeak Properties, Inc. has a 12-month low of $15.24 and a 12-month high of $23.26. The stock’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $20.64. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $16.18 billion, a PE ratio of 65.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.

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

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.