Insider Selling: Healthpeak Properties (NYSE:DOC) EVP Sells $127,069.70 in Stock

Healthpeak Properties, Inc. (NYSE:DOC) EVP Ankit Patadia sold 6,115 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $20.78, for a total transaction of $127,069.70. Following the completion of the sale, the executive vice president directly owned 2,838 shares in the company, valued at approximately $58,973.64. The trade was a 68.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Healthpeak Properties Stock Performance

DOC traded up $0.41 during midday trading on Monday, hitting $20.67. 5,740,541 shares of the company were exchanged, compared to its average volume of 7,671,011. The company’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $19.20. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.41). The company had revenue of $820.89 million for the quarter, compared to analysts’ expectations of $739.18 million. Healthpeak Properties had a net margin of 12.32% and a return on equity of 4.04%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, December 18th. Healthpeak Properties’s dividend payout ratio (DPR) is 225.93%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOC. UBS Group reduced their price target on Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Barclays lowered their price objective on Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Citigroup lifted their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.47.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds have recently modified their holdings of the company. State Street Corp raised its holdings in Healthpeak Properties by 92.3% in the 2nd quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock worth $1,995,928,000 after purchasing an additional 44,767,085 shares during the period. Bank of New York Mellon Corp increased its holdings in Healthpeak Properties by 60.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock worth $253,949,000 after acquiring an additional 5,815,189 shares in the last quarter. Bank of America Corp DE raised its position in Healthpeak Properties by 27.5% during the first quarter. Bank of America Corp DE now owns 11,887,795 shares of the real estate investment trust’s stock worth $195,316,000 after acquiring an additional 2,563,407 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Healthpeak Properties by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 10,583,736 shares of the real estate investment trust’s stock valued at $173,896,000 after purchasing an additional 290,589 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Healthpeak Properties by 83.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock valued at $166,095,000 after purchasing an additional 3,530,429 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust that owns and operates properties serving the healthcare and life sciences industries. Its portfolio includes outpatient medical buildings, life science facilities and senior housing communities.

The company’s properties are located across the United States, with investments in major healthcare and life science markets. In 2024, Healthpeak completed its merger with Physicians Realty Trust, expanding its portfolio of outpatient medical properties.

Based in Denver, Colorado, Healthpeak traces its history to a healthcare property company founded in 1985.