VIRGINIA RETIREMENT SYSTEMS ET Al Takes $13.37 Million Position in Healthpeak Properties, Inc. $DOC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 763,340 shares of the real estate investment trust’s stock, valued at approximately $13,366,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.11% of Healthpeak Properties at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC raised its stake in Healthpeak Properties by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 367,862 shares of the real estate investment trust’s stock worth $6,441,000 after buying an additional 973 shares during the period. Arista Wealth Management LLC acquired a new position in Healthpeak Properties during the 2nd quarter worth approximately $287,000. Stratos Wealth Advisors LLC acquired a new position in Healthpeak Properties during the 2nd quarter worth approximately $182,000. Nordea Investment Management AB raised its stake in Healthpeak Properties by 7,444.0% during the 2nd quarter. Nordea Investment Management AB now owns 3,923,205 shares of the real estate investment trust’s stock worth $67,871,000 after buying an additional 3,871,201 shares during the period. Finally, Praxis Investment Management Inc. raised its stake in Healthpeak Properties by 50.7% during the 2nd quarter. Praxis Investment Management Inc. now owns 25,800 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 8,680 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DOC shares. Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Evercore ISI set a $22.00 price objective on Healthpeak Properties in a report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.55 on Monday. The firm 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 quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $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 released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.Healthpeak Properties’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

Insider Activity

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of Healthpeak Properties stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, the chief executive officer directly owned 210,416 shares in the company, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased 8,783 shares of company stock valued at $150,129 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Healthpeak Properties Profile

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.