Douglas Lane & Associates LLC Has $53.84 Million Stake in Healthpeak Properties, Inc. $DOC

Douglas Lane & Associates LLC grew its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,075,049 shares of the real estate investment trust’s stock after purchasing an additional 282,199 shares during the period. Douglas Lane & Associates LLC owned about 0.44% of Healthpeak Properties worth $53,844,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in shares of Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 873 shares during the period. TCTC Holdings LLC increased its holdings in shares of Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 751 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Healthpeak Properties in the 1st quarter valued at about $30,000. S.A. Mason LLC increased its holdings in shares of Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 925 shares during the period. Finally, Dagco Inc. acquired a new position in shares of Healthpeak Properties in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOC. Morgan Stanley dropped their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Wall Street Zen downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Wells Fargo & Company dropped their price objective on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Insider Buying and Selling

In other news, CEO Scott M. Brinker bought 2,930 shares of Healthpeak Properties stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the transaction, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 8,783 shares of company stock valued at $150,129 over the last three months. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Stock Down 0.2%

DOC opened at $18.10 on Friday. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 75.44, a P/E/G ratio of 2.33 and a beta of 1.07. The business has a 50 day moving average of $17.76 and a 200-day moving average of $18.18.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $694.35 million during the quarter, compared to analysts’ expectations of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.Healthpeak Properties’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.1017 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties’s dividend payout ratio (DPR) is 508.33%.

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.