Healthpeak Properties, Inc. $DOC Stock Holdings Cut by Equity Investment Corp

Equity Investment Corp lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,299,214 shares of the real estate investment trust’s stock after selling 188,753 shares during the quarter. Healthpeak Properties comprises approximately 2.0% of Equity Investment Corp’s portfolio, making the stock its 12th biggest holding. Equity Investment Corp owned 1.06% of Healthpeak Properties worth $145,765,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DOC. Pension & Wealth Management Advisors Inc. bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $27,000. Clearstead Trust LLC grew its position in shares of Healthpeak Properties by 66.7% during the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 543 shares in the last quarter. Security National Bank of SO Dak bought a new position in shares of Healthpeak Properties in the second quarter worth $32,000. Latitude Advisors LLC bought a new position in shares of Healthpeak Properties in the third quarter worth $34,000. Finally, Markowski Investments bought a new position in shares of Healthpeak Properties in the second quarter worth $38,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DOC. Barclays reduced their target price on Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Wells Fargo & Company decreased their target price on 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. Citigroup raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, UBS Group cut their price objective on Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.47.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $20.44 on Wednesday. The firm’s fifty day moving average price is $19.73 and its 200-day moving average price is $19.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $14.09 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.95.

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

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be given a $0.1017 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, December 18th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 225.93%.

Insider Buying and Selling

In other news, EVP Ankit Patadia sold 6,115 shares of Healthpeak Properties stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $20.78, for a total value of $127,069.70. Following the transaction, the executive vice president 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

Healthpeak Properties 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.