Cercano Management LLC Invests $204,000 in Healthpeak Properties, Inc. $DOC

Cercano Management LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,628 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of DOC. Brooklyn Investment Group boosted its position in Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 873 shares during the last quarter. TCTC Holdings LLC lifted its position in shares of Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 751 shares in the last quarter. Dagco Inc. bought a new stake in shares of Healthpeak Properties in the first quarter worth $30,000. GKV Capital Management Co. Inc. acquired a new position in Healthpeak Properties during the first quarter worth $36,000. Finally, Larson Financial Group LLC grew its position in Healthpeak Properties by 120.6% in the first quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,024 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

DOC opened at $17.36 on Friday. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $22.71. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of -347.05, a PEG ratio of 3.84 and a beta of 1.10. The business has a 50 day moving average of $18.35 and a 200-day moving average of $17.83. The company has a quick ratio of 1.28, a current ratio of 1.22 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The business had revenue of $705.87 million for the quarter, compared to analyst estimates of $681.65 million. During the same period in the previous year, the firm earned $0.45 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 7.0%. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DOC shares. Evercore ISI set a $22.00 price target on shares of Healthpeak Properties in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Scotiabank downgraded Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Morgan Stanley lowered their price target on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Cantor Fitzgerald started coverage on Healthpeak Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.82.

Healthpeak Properties Company 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.