MeadowBrook Investment Advisors LLC Acquires 5,535 Shares of Healthpeak Properties, Inc. $DOC

MeadowBrook Investment Advisors LLC increased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 95.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,335 shares of the real estate investment trust’s stock after purchasing an additional 5,535 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Healthpeak Properties were worth $198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 873 shares during the last quarter. TCTC Holdings LLC lifted its position in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 751 shares during the last quarter. Dagco Inc. bought a new stake in shares of Healthpeak Properties during the 1st quarter worth $30,000. GKV Capital Management Co. Inc. bought a new stake in shares of Healthpeak Properties during the 1st quarter worth $36,000. Finally, Larson Financial Group LLC lifted its position in shares of Healthpeak Properties by 120.6% during the 1st quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,024 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Raymond James Financial upgraded Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, September 15th. Morgan Stanley dropped their price objective on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Healthpeak Properties in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald began coverage on Healthpeak Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Healthpeak Properties Price Performance

Shares of DOC opened at $17.58 on Thursday. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.05. The business has a 50-day simple moving average of $18.38 and a two-hundred day simple moving average of $17.90. The company has a quick ratio of 1.28, a current ratio of 1.22 and a debt-to-equity ratio of 1.11. The stock has a market cap of $12.21 billion, a PE ratio of -351.43, a PEG ratio of 3.94 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The business had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business 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 $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.9%. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 1,490 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the purchase, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This represents a 0.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.23% of the company’s stock.

Healthpeak Properties 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.