Cornerstone Capital Inc. Sells 32,045 Shares of Healthpeak Properties, Inc. $DOC

Cornerstone Capital Inc. decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 9.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 317,763 shares of the real estate investment trust’s stock after selling 32,045 shares during the period. Cornerstone Capital Inc.’s holdings in Healthpeak Properties were worth $5,564,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DOC. TCTC Holdings LLC increased its stake in Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 751 shares during the period. Brooklyn Investment Group boosted its holdings in Healthpeak Properties by 198.9% during the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 873 shares in the last quarter. Dagco Inc. bought a new stake in shares of Healthpeak Properties in the 1st quarter valued at approximately $30,000. AlphaQuest LLC acquired a new position in shares of Healthpeak Properties in the 2nd quarter worth approximately $34,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Healthpeak Properties during the 2nd quarter worth approximately $34,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Trading Up 0.1%

Shares of NYSE DOC opened at $17.87 on Tuesday. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $22.71. The company has a 50-day moving average of $18.28 and a two-hundred day moving average of $17.84. The company has a market cap of $12.42 billion, a PE ratio of -357.23, a P/E/G ratio of 3.84 and a beta of 1.10. 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 (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $705.87 million during the quarter, compared to analyst estimates of $681.65 million. During the same quarter last year, the business posted $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share 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 paid a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is -2,440.00%.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Scotiabank lowered shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Raymond James Financial raised shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Healthpeak Properties in a research note on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.82.

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.