Prudential PLC Acquires 200,664 Shares of Healthpeak Properties, Inc. $DOC

Prudential PLC boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 484.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,119 shares of the real estate investment trust’s stock after purchasing an additional 200,664 shares during the period. Prudential PLC’s holdings in Healthpeak Properties were worth $4,240,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DOC. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Healthpeak Properties by 3.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 53,975 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 1,908 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Healthpeak Properties in the first quarter valued at about $872,000. AE Wealth Management LLC grew its position in shares of Healthpeak Properties by 6.8% during the 1st quarter. AE Wealth Management LLC now owns 12,202 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 775 shares during the period. Machina Capital S.A.S. increased its stake in shares of Healthpeak Properties by 62.8% during the 1st quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 14,336 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Healthpeak Properties by 8.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 70,530 shares of the real estate investment trust’s stock worth $1,426,000 after purchasing an additional 5,379 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Cantor Fitzgerald initiated coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. Morgan Stanley decreased their price objective on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company lowered their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus target price of $20.82.

Healthpeak Properties Stock Up 2.5%

DOC stock opened at $17.83 on Friday. The stock has a 50-day simple moving average of $18.29 and a two-hundred day simple moving average of $17.83. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $22.71. The firm has a market capitalization of $12.39 billion, a PE ratio of -356.53, a PEG ratio of 3.84 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.22 and a debt-to-equity ratio of 1.11.

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

Healthpeak Properties Dividend Announcement

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 issued 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 6.8%. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

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.