Healthpeak Properties, Inc. $DOC Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 24.1% in the 2nd quarter, Holdings Channel reports. The firm owned 19,134 shares of the real estate investment trust’s stock after acquiring an additional 3,720 shares during the quarter. Inspire Investing LLC’s holdings in Healthpeak Properties were worth $335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Healthpeak Properties by 20.7% in the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock valued at $467,311,000 after purchasing an additional 3,967,830 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Healthpeak Properties by 6.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust’s stock valued at $372,004,000 after purchasing an additional 1,129,924 shares during the last quarter. Centersquare Investment Management LLC raised its stake in Healthpeak Properties by 18.5% in the 1st quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust’s stock valued at $268,642,000 after purchasing an additional 2,070,416 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Healthpeak Properties by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust’s stock valued at $210,126,000 after purchasing an additional 76,978 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Healthpeak Properties by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust’s stock valued at $207,012,000 after purchasing an additional 84,551 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $18.46 on Friday. The business has a 50-day moving average of $18.13 and a 200 day moving average of $17.92. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 76.92, a price-to-earnings-growth ratio of 3.16 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 (NYSE:DOC) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The company had revenue of $694.35 million during the quarter, compared to analysts’ expectations of $697.14 million. During the same period last year, the business posted $0.45 EPS. Healthpeak Properties’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. As a group, sell-side analysts forecast 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 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 yield of 6.6%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is 508.33%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Wednesday, October 8th. Evercore ISI set a $22.00 target price on Healthpeak Properties in a research note on Monday, September 15th. Wall Street Zen downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Insider Buying and Selling

In other news, CEO Scott M. Brinker bought 2,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the acquisition, the chief executive officer directly owned 210,416 shares of the company’s stock, valued at $3,589,696.96. The trade was a 1.41% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders bought 8,783 shares of company stock worth $150,129. Company insiders own 0.23% of the company’s stock.

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.