Retirement Systems of Alabama Sells 8,338 Shares of Healthpeak Properties, Inc. $DOC

Retirement Systems of Alabama decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 544,508 shares of the real estate investment trust’s stock after selling 8,338 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Healthpeak Properties worth $9,534,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Healthpeak Properties by 584.6% in 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 valued at $186,405,000 after acquiring an additional 7,872,150 shares in the last quarter. Nuveen LLC bought a new stake in shares of Healthpeak Properties in the 1st quarter valued at $124,113,000. Invesco Ltd. increased its stake 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. Nordea Investment Management AB increased its stake in shares of Healthpeak Properties by 7,444.0% in the 2nd 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Healthpeak Properties by 57.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,764,854 shares of the real estate investment trust’s stock valued at $136,785,000 after acquiring an additional 2,477,307 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DOC. Scotiabank lowered shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Morgan Stanley lowered their price objective 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Wednesday, October 8th. Evercore ISI set a $22.00 price target on shares of Healthpeak Properties in a research note on Monday, September 15th. Finally, Cantor Fitzgerald began coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.33.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $17.99 on Monday. The firm has a market capitalization of $12.50 billion, a PE ratio of -359.63, a price-to-earnings-growth ratio of 3.84 and a beta of 1.09. The firm has a fifty day simple moving average of $18.39 and a two-hundred day simple moving average of $17.88. The company has a current ratio of 1.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.11. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.05.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be issued a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.8%. Healthpeak Properties’s dividend payout ratio is currently -2,440.00%.

About Healthpeak Properties

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.