Healthpeak Properties, Inc. $DOC Shares Acquired by Connable Office Inc.

Connable Office Inc. increased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 25.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,645 shares of the real estate investment trust’s stock after acquiring an additional 5,816 shares during the quarter. Connable Office Inc.’s holdings in Healthpeak Properties were worth $502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its position in Healthpeak Properties by 5.3% in the 2nd quarter. Bank of Montreal Can now owns 498,877 shares of the real estate investment trust’s stock valued at $8,735,000 after buying an additional 25,115 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in Healthpeak Properties in the 2nd quarter valued at $980,000. Creative Financial Designs Inc. ADV grew its position in Healthpeak Properties by 110.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 8,413 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 4,415 shares during the last quarter. Strs Ohio grew its position in Healthpeak Properties by 3.8% in the 2nd quarter. Strs Ohio now owns 2,152,342 shares of the real estate investment trust’s stock valued at $37,688,000 after buying an additional 78,193 shares during the last quarter. Finally, Atria Investments Inc grew its position in Healthpeak Properties by 4.2% in the 2nd quarter. Atria Investments Inc now owns 49,140 shares of the real estate investment trust’s stock valued at $860,000 after buying an additional 1,968 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of analyst reports. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Monday, September 15th. Evercore ISI set a $22.00 target price on shares of Healthpeak Properties in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Morgan Stanley decreased their target price 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. Finally, Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.91.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $17.67 on Tuesday. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.05. The company has a quick ratio of 1.28, a current ratio of 1.22 and a debt-to-equity ratio of 1.11. The firm’s 50-day simple moving average is $18.39 and its 200 day simple moving average is $17.88. The firm has a market capitalization of $12.28 billion, a PE ratio of -353.23, a P/E/G ratio of 3.84 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $705.87 million for the quarter, compared to analyst estimates of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

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.