Wealthedge Investment Advisors LLC Acquires 132,274 Shares of Healthpeak Properties, Inc. $DOC

Wealthedge Investment Advisors LLC lifted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 417.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,959 shares of the real estate investment trust’s stock after purchasing an additional 132,274 shares during the quarter. Healthpeak Properties accounts for approximately 1.2% of Wealthedge Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Wealthedge Investment Advisors LLC’s holdings in Healthpeak Properties were worth $2,871,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in Healthpeak Properties in the 2nd quarter valued at $140,558,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Healthpeak Properties by 584.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,218,848 shares of the real estate investment trust’s stock worth $186,405,000 after buying an additional 7,872,150 shares during the last quarter. Nuveen LLC bought a new position in shares of Healthpeak Properties in the 1st quarter valued at about $124,113,000. Invesco Ltd. grew its holdings in shares of Healthpeak Properties by 20.7% in the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock valued at $467,311,000 after acquiring an additional 3,967,830 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Healthpeak Properties by 7,444.0% in the second quarter. Nordea Investment Management AB now owns 3,923,205 shares of the real estate investment trust’s stock valued at $67,871,000 after acquiring an additional 3,871,201 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.5%

Shares of Healthpeak Properties stock opened at $18.13 on Monday. The business has a fifty day simple moving average of $18.27 and a two-hundred day simple moving average of $17.86. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $22.30. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of -362.43, a P/E/G ratio of 3.84 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28.

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

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be given a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.7%. Healthpeak Properties’s dividend payout ratio (DPR) is -2,440.00%.

Analyst Ratings Changes

DOC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Wells Fargo & Company increased their price objective on Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald initiated coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. Robert W. Baird dropped their price target on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Finally, Morgan Stanley cut their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus target price of $20.91.

Healthpeak Properties Company 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.