Oppenheimer Asset Management Inc. decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 10.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 936,405 shares of the real estate investment trust’s stock after selling 114,416 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Healthpeak Properties were worth $20,039,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC grew its position in Healthpeak Properties by 270.2% in the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,197 shares in the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Healthpeak Properties during the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Healthpeak Properties during the fourth quarter worth about $31,000. Clearstead Advisors LLC boosted its stake in shares of Healthpeak Properties by 166.3% in the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,216 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Healthpeak Properties in the second quarter valued at approximately $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on DOC shares. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Evercore downgraded shares of Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price target for the company. in a research note on Monday, May 11th. Finally, UBS Group upped their price objective on Healthpeak Properties from $19.00 to $21.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Healthpeak Properties has a consensus rating of “Hold” and an average target price of $21.44.
Healthpeak Properties Stock Performance
Shares of DOC opened at $20.78 on Friday. The stock has a 50-day simple moving average of $21.33 and a 200-day simple moving average of $18.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $14.33 billion, a PE ratio of 59.38, a PEG ratio of 3.20 and a beta of 1.01. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $22.95.
Healthpeak Properties (NYSE:DOC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, analysts predict that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s payout ratio is 348.57%.
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.
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