The Manufacturers Life Insurance Company Sells 40,882 Shares of Healthpeak Properties, Inc. $DOC

The Manufacturers Life Insurance Company lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 662,019 shares of the real estate investment trust’s stock after selling 40,882 shares during the period. The Manufacturers Life Insurance Company’s holdings in Healthpeak Properties were worth $14,167,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Sequoia Financial Advisors LLC boosted its position in shares of Healthpeak Properties by 2.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 147,784 shares of the real estate investment trust’s stock worth $3,163,000 after purchasing an additional 3,864 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Healthpeak Properties by 25.1% in the second quarter. Integrated Wealth Concepts LLC now owns 24,236 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 4,860 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Healthpeak Properties by 23.1% in the second quarter. NewEdge Advisors LLC now owns 146,336 shares of the real estate investment trust’s stock valued at $3,132,000 after purchasing an additional 27,508 shares during the last quarter. IFP Advisors Inc increased its holdings in Healthpeak Properties by 22.1% in the second quarter. IFP Advisors Inc now owns 7,472 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Healthpeak Properties by 17.0% in the second quarter. Baird Financial Group Inc. now owns 709,918 shares of the real estate investment trust’s stock valued at $15,192,000 after buying an additional 103,308 shares during the period. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 0.3%

Shares of DOC stock opened at $20.32 on Friday. The firm’s fifty day moving average price is $21.42 and its two-hundred day moving average price is $19.45. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $22.95. The firm has a market capitalization of $14.01 billion, a P/E ratio of 58.04, a PEG ratio of 2.50 and a beta of 1.01.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to analysts’ expectations of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, equities analysts predict that Healthpeak Properties, Inc. will post 1.77 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be given a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s payout ratio is 348.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DOC shares. Mizuho boosted their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Cantor Fitzgerald lifted their price objective on shares of Healthpeak Properties from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. UBS Group boosted their price objective on shares of Healthpeak Properties from $19.00 to $21.50 and gave the company a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price target (up from $20.00) on shares of Healthpeak Properties in a report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.72.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. The company focuses primarily on outpatient medical buildings, which are leased to healthcare providers, physician groups and other medical users.

Healthpeak’s portfolio also includes life science and senior housing properties, although its business has increasingly centered on outpatient medical real estate. Its properties are generally located in established healthcare markets and are designed to support services such as physician offices, specialty care, diagnostics and ambulatory treatment.

The company was formerly known as HCP, Inc and adopted the Healthpeak Properties name in 2019.