Healthpeak Properties, Inc. $DOC Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 87.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,828 shares of the real estate investment trust’s stock after acquiring an additional 163,839 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Healthpeak Properties were worth $7,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DOC. Abel Hall LLC grew its stake in Healthpeak Properties by 30.7% in the third quarter. Abel Hall LLC now owns 14,055 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 3,299 shares during the last quarter. Cornell Pochily Investment Advisors Inc. bought a new position in Healthpeak Properties in the third quarter worth about $281,000. Capital Square LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at about $245,000. SteelPeak Wealth LLC lifted its position in shares of Healthpeak Properties by 62.1% during the third quarter. SteelPeak Wealth LLC now owns 91,979 shares of the real estate investment trust’s stock valued at $1,837,000 after buying an additional 35,251 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Healthpeak Properties by 359.4% during the third quarter. IFP Advisors Inc now owns 34,326 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 26,854 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DOC. Cantor Fitzgerald raised their price target on shares of Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Mizuho boosted their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and set a $21.00 price objective (down from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, September 15th. JPMorgan Chase & Co. increased their target price on shares of Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Healthpeak Properties currently has an average rating of “Hold” and a consensus price target of $21.60.

Healthpeak Properties Stock Down 1.6%

Healthpeak Properties stock opened at $18.46 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.32 and a beta of 1.01. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95. The business has a fifty day moving average price of $20.13 and a 200-day moving average price of $19.93.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%. The firm had revenue of $771.58 million for the quarter, compared to the consensus estimate of $725.64 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Equities research analysts forecast 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 Wednesday, December 30th. Shareholders of record on Friday, December 18th will be issued a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, December 18th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

Healthpeak Properties Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.