Healthpeak Properties, Inc. $DOC Holdings Cut by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,658,196 shares of the real estate investment trust’s stock after selling 87,112 shares during the period. GW&K Investment Management LLC’s holdings in Healthpeak Properties were worth $31,755,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Healthpeak Properties by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 10,228,560 shares of the real estate investment trust’s stock worth $195,873,000 after acquiring an additional 400,900 shares in the last quarter. Victory Capital Management Inc. increased its position in Healthpeak Properties by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 494,836 shares of the real estate investment trust’s stock worth $9,476,000 after purchasing an additional 3,125 shares during the last quarter. Manske Wealth Management raised its stake in shares of Healthpeak Properties by 5.3% during the 3rd quarter. Manske Wealth Management now owns 18,348 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 919 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $704,000. Finally, Elo Mutual Pension Insurance Co acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $1,720,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DOC. Robert W. Baird dropped their price objective on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. The Goldman Sachs Group assumed coverage on shares of Healthpeak Properties in a research note on Friday, January 9th. They set a “neutral” rating and a $17.00 price target on the stock. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Argus cut shares of Healthpeak Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Weiss Ratings raised shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.42.

Healthpeak Properties Trading Down 1.4%

NYSE:DOC opened at $17.41 on Friday. The company’s 50 day moving average is $17.06 and its 200-day moving average is $17.57. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.21. Healthpeak Properties, Inc. has a 12 month low of $15.71 and a 12 month high of $21.28. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 174.12, a P/E/G ratio of 9.45 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $719.40 million for the quarter, compared to analyst estimates of $685.14 million. Healthpeak Properties had a net margin of 2.52% and a return on equity of 0.84%. Healthpeak Properties’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.1017 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. Healthpeak Properties’s payout ratio is presently 1,220.00%.

About Healthpeak Properties

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.