Cullen Frost Bankers Inc. Acquires 2,019 Shares of Healthpeak Properties, Inc. $DOC

Cullen Frost Bankers Inc. grew its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 32.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,305 shares of the real estate investment trust’s stock after acquiring an additional 2,019 shares during the period. Cullen Frost Bankers Inc.’s holdings in Healthpeak Properties were worth $145,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Probity Advisors Inc. raised its position in Healthpeak Properties by 23.3% in the second quarter. Probity Advisors Inc. now owns 22,737 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 4,301 shares during the period. Berkeley Capital Partners LLC raised its position in Healthpeak Properties by 15.5% in the second quarter. Berkeley Capital Partners LLC now owns 83,879 shares of the real estate investment trust’s stock worth $1,469,000 after acquiring an additional 11,267 shares during the period. DekaBank Deutsche Girozentrale raised its position in Healthpeak Properties by 15.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 395,393 shares of the real estate investment trust’s stock worth $6,870,000 after acquiring an additional 52,768 shares during the period. Alan B Lancz & Associates Inc. bought a new position in Healthpeak Properties in the second quarter worth approximately $373,000. Finally, Sentry Investment Management LLC bought a new position in Healthpeak Properties in the second quarter worth approximately $42,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DOC has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Friday. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Morgan Stanley decreased their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Insiders Place Their Bets

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

Healthpeak Properties Stock Performance

DOC opened at $18.75 on Friday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of -374.95, a PEG ratio of 3.20 and a beta of 1.09. The company has a fifty day moving average of $18.32 and a 200 day moving average of $17.91. Healthpeak Properties, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $23.12. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.43%. Healthpeak Properties’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. 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 fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 508.33%.

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.