Purpose Unlimited Inc. Takes $451,000 Position in Healthpeak Properties, Inc. $DOC

Purpose Unlimited Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, Holdings Channel reports. The fund purchased 28,048 shares of the real estate investment trust’s stock, valued at approximately $451,000.

A number of other institutional investors have also added to or reduced their stakes in DOC. Hsbc Holdings PLC grew its stake in shares of Healthpeak Properties by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 3,262,602 shares of the real estate investment trust’s stock worth $52,462,000 after buying an additional 217,394 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Healthpeak Properties by 1.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 185,118 shares of the real estate investment trust’s stock valued at $2,977,000 after acquiring an additional 3,025 shares during the last quarter. Advisortrust Partners LLC acquired a new stake in shares of Healthpeak Properties during the 4th quarter valued at $388,000. Corient Private Wealth LLC boosted its holdings in shares of Healthpeak Properties by 3.5% during the 4th quarter. Corient Private Wealth LLC now owns 70,256 shares of the real estate investment trust’s stock valued at $1,130,000 after acquiring an additional 2,376 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Healthpeak Properties during the 4th quarter worth $917,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total transaction of $213,736.05. Following the completion of the sale, the insider directly owned 7,636 shares in the company, valued at approximately $148,520.20. This trade represents a 59.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DOC. Evercore cut Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 target price for the company. in a report on Monday, May 11th. Wells Fargo & Company boosted their price target on Healthpeak Properties from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 price objective (up from $20.00) on shares of Healthpeak Properties in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, UBS Group lifted their target price on shares of Healthpeak Properties from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and a consensus price target of $19.86.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $19.56 on Monday. The company has a market capitalization of $13.49 billion, a P/E ratio of 61.13, a price-to-earnings-growth ratio of 3.05 and a beta of 1.05. Healthpeak Properties, Inc. has a 52-week low of $15.70 and a 52-week high of $20.82. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. The company’s 50 day moving average price is $18.66 and its 200-day moving average price is $17.54.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company had revenue of $752.95 million during the quarter, compared to analysts’ expectations of $694.59 million. During the same period in the prior year, the company posted $0.46 earnings per share. Healthpeak Properties’s revenue for the quarter was up 7.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. Healthpeak Properties’s dividend payout ratio is 381.25%.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.