McGlone Suttner Wealth Management Inc. Invests $251,000 in Healthpeak Properties, Inc. (NYSE:DOC)

McGlone Suttner Wealth Management Inc. bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,985 shares of the real estate investment trust’s stock, valued at approximately $251,000.

A number of other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $15,548,000. Handelsbanken Fonder AB purchased a new position in Healthpeak Properties in the 3rd quarter valued at about $11,668,000. Brookstone Capital Management acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $11,018,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Healthpeak Properties during the second quarter worth about $9,024,000. Finally, Sarasin & Partners LLP purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $10,425,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DOC. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup raised 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. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Wedbush upped 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. Finally, Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.17.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $21.67 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $22.05 and its two-hundred day moving average price is $20.40. Healthpeak Properties, Inc. has a 52 week low of $15.24 and a 52 week high of $23.14. The stock has a market cap of $15.25 billion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14.

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

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.54%. Healthpeak Properties’s payout ratio is presently 342.86%.

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.