Thrivent Financial for Lutherans Reduces Stock Position in Healthpeak Properties, Inc. $DOC

Thrivent Financial for Lutherans cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 57.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,295 shares of the real estate investment trust’s stock after selling 84,353 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Healthpeak Properties were worth $1,212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mather Group LLC. bought a new position in Healthpeak Properties in the 3rd quarter worth about $25,000. City Holding Co. bought a new stake in shares of Healthpeak Properties during the third quarter valued at about $26,000. Sound Income Strategies LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $28,000. Rexford Capital Inc. bought a new position in shares of Healthpeak Properties in the second quarter valued at approximately $28,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Healthpeak Properties in the second quarter valued at approximately $32,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DOC shares. Weiss Ratings raised shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Healthpeak Properties in a report on Tuesday, February 3rd. Cantor Fitzgerald set a $17.00 price objective on Healthpeak Properties in a research report on Monday, January 5th. Evercore dropped their price objective on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $21.00 to $17.00 in a research note on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.42.

Healthpeak Properties Stock Performance

NYSE DOC opened at $16.70 on Friday. Healthpeak Properties, Inc. has a 52-week low of $15.71 and a 52-week high of $21.28. The company has a fifty day moving average of $16.79 and a 200-day moving average of $17.55. The company has a market capitalization of $11.60 billion, a P/E ratio of 166.97, a P/E/G ratio of 8.74 and a beta of 1.12. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.82 and a current ratio of 2.82.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.1017 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 7.3%. Healthpeak Properties’s payout ratio is presently 1,220.00%.

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.