JPMorgan Chase & Co. grew its position in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 8.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,674,812 shares of the real estate investment trust’s stock after acquiring an additional 2,438,278 shares during the period. JPMorgan Chase & Co.’s holdings in Healthpeak Properties were worth $493,251,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Fiduciary Trust Co grew its stake in shares of Healthpeak Properties by 4.9% in the third quarter. Fiduciary Trust Co now owns 13,807 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 644 shares in the last quarter. Patton Fund Management Inc. grew its stake in shares of Healthpeak Properties by 5.2% in the fourth quarter. Patton Fund Management Inc. now owns 13,002 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 648 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Healthpeak Properties by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 37,650 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 718 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Healthpeak Properties by 2.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 32,200 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 800 shares in the last quarter. Finally, Arjuna Capital grew its stake in shares of Healthpeak Properties by 5.7% in the fourth quarter. Arjuna Capital now owns 15,606 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 838 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on DOC shares. Weiss Ratings raised Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Morgan Stanley lifted their price objective on Healthpeak Properties from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. UBS Group boosted their target price on Healthpeak Properties from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Citigroup boosted their target price on Healthpeak Properties from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Finally, Evercore cut Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 target price for the company. in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $19.38.
Insider Activity
In other news, insider Scott R. Bohn sold 10,989 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total transaction of $213,736.05. Following the completion of the transaction, the insider directly owned 7,636 shares of the company’s stock, valued at approximately $148,520.20. This represents a 59.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.
Healthpeak Properties Trading Down 0.1%
NYSE:DOC opened at $20.47 on Thursday. The stock has a 50-day simple moving average of $18.18 and a 200-day simple moving average of $17.45. The stock has a market cap of $14.11 billion, a P/E ratio of 63.98, a P/E/G ratio of 3.21 and a beta of 1.05. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $20.81. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96.
Healthpeak Properties (NYSE:DOC – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $752.95 million during the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, analysts anticipate that Healthpeak Properties, Inc. will post 1.74 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th. Healthpeak Properties’s dividend payout ratio is currently 381.25%.
Healthpeak Properties Company Profile
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.
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