Charles Schwab Investment Management Inc. Increases Position in Healthpeak Properties, Inc. $DOC

Charles Schwab Investment Management Inc. lifted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,520,156 shares of the real estate investment trust’s stock after acquiring an additional 282,155 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.51% of Healthpeak Properties worth $184,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DOC. AE Wealth Management LLC raised its stake 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 worth $247,000 after purchasing an additional 775 shares during the period. Avantax Advisory Services Inc. grew its position in Healthpeak Properties by 8.3% during the first quarter. Avantax Advisory Services Inc. now owns 70,530 shares of the real estate investment trust’s stock valued at $1,426,000 after buying an additional 5,379 shares during the period. Cetera Investment Advisers increased its holdings in Healthpeak Properties by 15.8% during the first quarter. Cetera Investment Advisers now owns 239,959 shares of the real estate investment trust’s stock worth $4,852,000 after buying an additional 32,661 shares during the last quarter. HB Wealth Management LLC increased its holdings in Healthpeak Properties by 57.0% during the first quarter. HB Wealth Management LLC now owns 25,765 shares of the real estate investment trust’s stock worth $521,000 after buying an additional 9,351 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Healthpeak Properties by 1.8% in the first quarter. TD Asset Management Inc now owns 303,498 shares of the real estate investment trust’s stock worth $6,137,000 after acquiring an additional 5,375 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.12 on Wednesday. Healthpeak Properties, Inc. has a 52-week low of $16.63 and a 52-week high of $22.71. The stock’s 50-day simple moving average is $18.28 and its 200 day simple moving average is $17.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.28 and a current ratio of 1.22. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of -362.23, a price-to-earnings-growth ratio of 3.84 and a beta of 1.10.

Healthpeak Properties (NYSE:DOC) last announced its quarterly 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. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The firm had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be paid a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.7%. Healthpeak Properties’s dividend payout ratio is currently -2,440.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DOC shares. Cantor Fitzgerald started coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price target for the company. Morgan Stanley reduced 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. Wells Fargo & Company boosted their target price on Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday. Scotiabank cut Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Healthpeak Properties in a research note on Monday. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.91.

About Healthpeak Properties

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.