Sfmg LLC Purchases 19,063 Shares of Healthpeak Properties, Inc. $DOC

Sfmg LLC boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,936 shares of the real estate investment trust’s stock after purchasing an additional 19,063 shares during the period. Sfmg LLC’s holdings in Healthpeak Properties were worth $2,555,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC increased its stake in shares of Healthpeak Properties by 124.3% during 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 during the period. Brooklyn Investment Group lifted its stake in Healthpeak Properties by 198.9% during the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 873 shares during the last quarter. Dagco Inc. bought a new position in Healthpeak Properties in the first quarter valued at about $30,000. AlphaQuest LLC bought a new position in Healthpeak Properties in the 2nd quarter valued at approximately $34,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Healthpeak Properties during the 2nd quarter worth $34,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Healthpeak Properties in a report on Tuesday. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Morgan Stanley lowered their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Wells Fargo & Company cut their price target on shares of 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, Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $17.83 on Friday. The company’s fifty day moving average price is $18.29 and its 200-day moving average price is $17.83. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of -356.53, a PEG ratio of 3.84 and a beta of 1.10. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $22.71.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating 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 analysts’ expectations of $681.65 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is currently -2,440.00%.

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.