CSM Advisors LLC Invests $10.24 Million in Healthpeak Properties, Inc. $DOC

CSM Advisors LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the second quarter, HoldingsChannel reports. The firm acquired 584,567 shares of the real estate investment trust’s stock, valued at approximately $10,238,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DOC. Machina Capital S.A.S. boosted its holdings in shares of Healthpeak Properties by 62.8% in the 1st quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 14,336 shares in the last quarter. Deutsche Bank AG lifted its position in Healthpeak Properties by 0.3% in the first quarter. Deutsche Bank AG now owns 8,482,898 shares of the real estate investment trust’s stock valued at $171,524,000 after acquiring an additional 23,136 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Healthpeak Properties by 10.9% in the first quarter. Concurrent Investment Advisors LLC now owns 11,218 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,101 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Healthpeak Properties by 11.1% during the first quarter. LPL Financial LLC now owns 4,032,779 shares of the real estate investment trust’s stock worth $81,543,000 after purchasing an additional 404,372 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of Healthpeak Properties by 37.8% during the first quarter. Foundry Partners LLC now owns 934,894 shares of the real estate investment trust’s stock worth $18,904,000 after purchasing an additional 256,339 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of research analyst reports. Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, September 15th. Morgan Stanley lowered their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Finally, Scotiabank lowered shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating and five have given 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 price target of $20.91.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $17.82 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of -356.23, a price-to-earnings-growth ratio of 3.84 and a beta of 1.10. The firm’s fifty day moving average price is $18.38 and its 200 day moving average price is $17.85. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.05.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The company had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. During the same quarter in the prior year, the firm earned $0.45 EPS. Healthpeak Properties’s quarterly revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be given a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 6.8%. Healthpeak Properties’s dividend payout ratio (DPR) is presently -2,440.00%.

Healthpeak Properties Profile

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.