Blair William & Co. IL Sells 4,792 Shares of Healthpeak Properties, Inc. $DOC

Blair William & Co. IL cut its position in Healthpeak Properties, Inc. (NYSE:DOC) by 30.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,972 shares of the real estate investment trust’s stock after selling 4,792 shares during the quarter. Blair William & Co. IL’s holdings in Healthpeak Properties were worth $192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DOC. SG Americas Securities LLC purchased a new stake in Healthpeak Properties in the 1st quarter worth approximately $526,000. Envestnet Portfolio Solutions Inc. lifted its stake in Healthpeak Properties by 16.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 49,398 shares of the real estate investment trust’s stock worth $999,000 after purchasing an additional 6,869 shares in the last quarter. Blue Trust Inc. lifted its stake in Healthpeak Properties by 49.7% in the 1st quarter. Blue Trust Inc. now owns 12,355 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 4,100 shares in the last quarter. Praxis Investment Management Inc. lifted its stake in Healthpeak Properties by 9.7% in the 1st quarter. Praxis Investment Management Inc. now owns 17,120 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Healthpeak Properties in the 1st quarter worth approximately $411,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $18.55 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a market cap of $12.89 billion, a PE ratio of 77.27, a PEG ratio of 3.16 and a beta of 1.09. The company’s fifty day moving average is $18.16 and its 200 day moving average is $17.89. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26.

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

Healthpeak Properties Announces Dividend

The firm also recently declared 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 of this dividend is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.6%. Healthpeak Properties’s payout ratio is currently 508.33%.

Wall Street Analyst Weigh In

DOC has been the topic of several recent analyst reports. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, September 15th. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 7th. Morgan Stanley lowered their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Evercore ISI set a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, September 15th. Finally, Scotiabank cut shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 1,490 shares of the stock in a transaction on Monday, August 4th. The stock was acquired at an average cost 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 8,783 shares of company stock valued at $150,129 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.