Diligent Investors LLC Has $362,000 Stock Position in Healthpeak Properties, Inc. $DOC

Diligent Investors LLC reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 5.0% during the 2nd quarter, Holdings Channel reports. The fund owned 20,684 shares of the real estate investment trust’s stock after selling 1,092 shares during the period. Diligent Investors LLC’s holdings in Healthpeak Properties were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. grew its position in shares of Healthpeak Properties by 103,600.0% in the first quarter. NBC Securities Inc. now owns 3,111 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 3,108 shares during the last quarter. Merit Financial Group LLC boosted its stake in Healthpeak Properties by 80.9% in the 1st quarter. Merit Financial Group LLC now owns 45,157 shares of the real estate investment trust’s stock valued at $913,000 after purchasing an additional 20,194 shares during the period. Harrington Investments INC grew its holdings in Healthpeak Properties by 5.5% in the 1st quarter. Harrington Investments INC now owns 39,667 shares of the real estate investment trust’s stock valued at $802,000 after buying an additional 2,071 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Healthpeak Properties by 27.3% in the 1st quarter. Park Avenue Securities LLC now owns 31,453 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 6,753 shares in the last quarter. Finally, Vert Asset Management LLC increased its position in Healthpeak Properties by 6.9% during the 1st quarter. Vert Asset Management LLC now owns 325,143 shares of the real estate investment trust’s stock worth $6,574,000 after buying an additional 20,924 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DOC. Morgan Stanley reduced their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reissued 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 cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Finally, Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.33.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.39 on Friday. The firm has a 50 day moving average of $17.86 and a 200-day moving average of $18.01. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month 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 $13.47 billion, a PE ratio of 80.77, a PEG ratio of 2.50 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was down .2% 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 predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. Healthpeak Properties’s payout ratio is 508.33%.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 1,490 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the transaction, the chief executive officer directly owned 211,906 shares in the company, valued at $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders acquired 8,783 shares of company stock worth $150,129. 0.23% of the stock is owned by corporate insiders.

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.