TD Asset Management Inc Lowers Stock Position in Healthpeak Properties, Inc. $DOC

TD Asset Management Inc lessened its position in Healthpeak Properties, Inc. (NYSE:DOC) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 340,392 shares of the real estate investment trust’s stock after selling 45,974 shares during the quarter. TD Asset Management Inc’s holdings in Healthpeak Properties were worth $6,519,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Mather Group LLC. acquired a new position in shares of Healthpeak Properties during the third quarter worth $25,000. City Holding Co. acquired a new position in Healthpeak Properties during the 3rd quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new position in Healthpeak Properties during the third quarter worth $28,000. Rexford Capital Inc. acquired a new position in shares of Healthpeak Properties during the 2nd quarter worth approximately $28,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Healthpeak Properties during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $17.66 on Tuesday. Healthpeak Properties, Inc. has a 12 month low of $15.71 and a 12 month high of $21.28. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average of $16.97 and a two-hundred day moving average of $17.57. The company has a market capitalization of $12.27 billion, a P/E ratio of 176.57, a P/E/G ratio of 9.46 and a beta of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $719.40 million during the quarter, compared to analyst estimates of $685.14 million. Healthpeak Properties had a net margin of 2.52% and a return on equity of 0.84%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. As a group, equities analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.1017 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 6.9%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 1,220.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Healthpeak Properties in a research report on Friday, January 9th. They issued a “neutral” rating and a $17.00 price target on the stock. Evercore cut their target price on shares of Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings raised Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Jefferies Financial Group lowered shares of Healthpeak Properties from a “buy” rating to a “hold” rating and decreased their target price for the company from $21.00 to $17.00 in a research note on Monday, December 15th. Finally, Wells Fargo & Company restated a “positive” rating on shares of Healthpeak Properties in a research note on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.42.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.