Healthpeak Properties (NYSE:DOC) EVP Sells $127,069.70 in Stock

Healthpeak Properties, Inc. (NYSE:DOC) EVP Ankit Patadia sold 6,115 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $20.78, for a total value of $127,069.70. Following the completion of the sale, the executive vice president directly owned 2,838 shares of the company’s stock, valued at approximately $58,973.64. This represents a 68.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Healthpeak Properties Trading Down 0.1%

Shares of NYSE DOC opened at $20.39 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. Healthpeak Properties, Inc. has a one year low of $15.70 and a one year high of $22.95. The business has a 50-day moving average price of $19.72 and a two-hundred day moving average price of $19.24. The firm has a market capitalization of $14.06 billion, a PE ratio of 37.77, a PEG ratio of 2.51 and a beta of 1.01.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.41). The business had revenue of $820.89 million during the quarter, compared to analyst estimates of $739.18 million. Healthpeak Properties had a net margin of 12.32% and a return on equity of 4.04%. Healthpeak Properties’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, December 18th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 225.93%.

Analysts Set New Price Targets

Several research firms have weighed in on DOC. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Jefferies Financial Group initiated coverage on shares of Healthpeak Properties in a research note on Tuesday, September 15th. They set a “hold” rating and a $21.00 target price for the company. Weiss Ratings upgraded shares of Healthpeak Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Finally, Royal Bank Of Canada upped their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.60.

Institutional Investors Weigh In On Healthpeak Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in DOC. OneDigital Investment Advisors LLC grew its stake in shares of Healthpeak Properties by 3.3% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 15,376 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 493 shares in the last quarter. Clearstead Trust LLC raised its position in Healthpeak Properties by 66.7% during the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 543 shares in the last quarter. Bessemer Group Inc. raised its position in Healthpeak Properties by 32.1% during the third quarter. Bessemer Group Inc. now owns 2,404 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 584 shares in the last quarter. North Dakota State Investment Board raised its position in Healthpeak Properties by 3.0% during the third quarter. North Dakota State Investment Board now owns 21,239 shares of the real estate investment trust’s stock valued at $424,000 after acquiring an additional 624 shares in the last quarter. Finally, CX Institutional lifted its stake in Healthpeak Properties by 6.1% in the second quarter. CX Institutional now owns 11,003 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 633 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

About Healthpeak Properties

Healthpeak Properties, Inc. is a real estate investment trust that owns and operates properties serving the healthcare and life sciences industries. Its portfolio includes outpatient medical buildings, life science facilities and senior housing communities. The company’s properties are located across the United States, with investments in major healthcare and life science markets. In 2024, Healthpeak completed its merger with Physicians Realty Trust, expanding its portfolio of outpatient medical properties.