Naviter Wealth LLC Raises Holdings in Healthpeak Properties, Inc. $DOC

Naviter Wealth LLC grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,727 shares of the real estate investment trust’s stock after purchasing an additional 5,126 shares during the quarter. Naviter Wealth LLC’s holdings in Healthpeak Properties were worth $783,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC grew its holdings in shares of Healthpeak Properties by 25.8% during the second quarter. NorthRock Partners LLC now owns 14,556 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,981 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Healthpeak Properties by 4.3% during the second quarter. Verdence Capital Advisors LLC now owns 28,211 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 1,176 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Healthpeak Properties by 55.7% during the second quarter. Sequoia Financial Advisors LLC now owns 138,808 shares of the real estate investment trust’s stock worth $2,431,000 after purchasing an additional 49,650 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Healthpeak Properties by 18.4% during the second quarter. LRI Investments LLC now owns 4,481 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 697 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Healthpeak Properties by 148.5% during the second quarter. Concurrent Investment Advisors LLC now owns 27,879 shares of the real estate investment trust’s stock worth $488,000 after buying an additional 16,661 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $18.16 on Wednesday. The business’s 50 day simple moving average is $18.07 and its 200-day simple moving average is $17.93. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 75.69, a price-to-earnings-growth ratio of 3.06 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly 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 business had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be paid a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.7%. Healthpeak Properties’s payout ratio is 508.33%.

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker acquired 1,490 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased 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 of the company’s stock, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders purchased 8,783 shares of company stock worth $150,129. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, September 15th. Scotiabank lowered Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Wall Street Zen lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

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.