New York Life Investment Management LLC Acquires 61,952 Shares of Healthpeak Properties, Inc. $DOC

New York Life Investment Management LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 65.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 156,086 shares of the real estate investment trust’s stock after acquiring an additional 61,952 shares during the quarter. New York Life Investment Management LLC’s holdings in Healthpeak Properties were worth $2,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Healthpeak Properties by 176.0% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 320,040 shares of the real estate investment trust’s stock valued at $5,146,000 after buying an additional 204,100 shares during the last quarter. Versor Investments LP purchased a new position in Healthpeak Properties in the 4th quarter worth about $241,000. Swiss Life Asset Management Ltd raised its position in Healthpeak Properties by 41.3% in the 4th quarter. Swiss Life Asset Management Ltd now owns 167,828 shares of the real estate investment trust’s stock worth $2,699,000 after buying an additional 49,025 shares during the last quarter. Nan Fung Trinity HK Ltd. bought a new position in Healthpeak Properties during the 4th quarter valued at about $2,654,000. Finally, LRI Investments LLC boosted its holdings in shares of Healthpeak Properties by 26.6% during the 4th quarter. LRI Investments LLC now owns 9,103 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 1,915 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total value of $213,736.05. Following the transaction, the insider owned 7,636 shares of the company’s stock, valued at $148,520.20. This trade represents a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on DOC shares. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Scotiabank upgraded shares of Healthpeak Properties to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research note on Tuesday, February 3rd. Finally, Morgan Stanley lowered their price target on Healthpeak Properties from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.92.

Healthpeak Properties Stock Up 0.9%

DOC opened at $19.53 on Tuesday. The firm’s 50 day simple moving average is $17.31 and its two-hundred day simple moving average is $17.20. The company has a market capitalization of $13.47 billion, a PE ratio of 61.04, a PEG ratio of 2.66 and a beta of 1.00. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $19.91. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $752.95 million during the quarter, compared to the consensus estimate of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.75 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th. Healthpeak Properties’s payout ratio is currently 381.25%.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.