Sagespring Wealth Partners LLC Has $198,000 Holdings in Healthpeak Properties, Inc. $DOC

Sagespring Wealth Partners LLC trimmed its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 28.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,310 shares of the real estate investment trust’s stock after selling 4,542 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Healthpeak Properties were worth $198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. TD Asset Management Inc boosted its stake in shares of Healthpeak Properties by 27.3% during the second quarter. TD Asset Management Inc now owns 386,366 shares of the real estate investment trust’s stock valued at $6,765,000 after purchasing an additional 82,868 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Healthpeak Properties by 12.9% during the second quarter. Naviter Wealth LLC now owns 44,727 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 5,126 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of Healthpeak Properties by 25.8% during the second quarter. NorthRock Partners LLC now owns 14,556 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,981 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Healthpeak Properties by 4.3% during the second quarter. Verdence Capital Advisors LLC now owns 28,211 shares of the real estate investment trust’s stock valued at $494,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Healthpeak Properties by 55.7% during the second quarter. Sequoia Financial Advisors LLC now owns 138,808 shares of the real estate investment trust’s stock valued at $2,431,000 after purchasing an additional 49,650 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Trading Up 0.5%

NYSE DOC opened at $18.55 on Friday. The business has a 50 day simple moving average of $18.16 and a 200 day simple moving average of $17.90. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The stock has a market capitalization of $12.89 billion, a P/E ratio of 77.27, a P/E/G ratio of 3.16 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business had revenue of $694.35 million during the quarter, compared to analysts’ expectations of $697.14 million. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be paid a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.6%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 508.33%.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker bought 1,490 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the purchase, the chief executive officer directly owned 211,906 shares of the company’s stock, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 8,783 shares of company stock worth $150,129 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of recent research reports. Morgan Stanley cut their price target on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Cantor Fitzgerald initiated coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Finally, Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research report on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

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.