Healthpeak Properties, Inc. (NYSE:DOC – Get Free Report) EVP Ankit Patadia sold 6,115 shares of Healthpeak Properties stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $20.78, for a total transaction of $127,069.70. Following the sale, the executive vice president owned 2,838 shares of the company’s stock, valued at approximately $58,973.64. This represents a 68.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Healthpeak Properties Trading Up 2.0%
Shares of NYSE DOC opened at $20.67 on Tuesday. The company’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $19.21. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The firm has a market capitalization of $14.25 billion, a P/E ratio of 11.08, a P/E/G ratio of 2.49 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.29 and a quick ratio of 3.02.
Healthpeak Properties (NYSE:DOC – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.41). Healthpeak Properties had a net margin of 12.32% and a return on equity of 4.04%. The business had revenue of $820.89 million during the quarter, compared to the consensus estimate of $739.18 million. During the same period in the previous year, the business posted $0.46 earnings per share. Healthpeak Properties’s revenue was up 16.3% compared to the same quarter last year. On average, analysts predict that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.
Healthpeak Properties Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.9%. Healthpeak Properties’s dividend payout ratio is 225.93%.
Wall Street Analyst Weigh In
DOC has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their price objective on Healthpeak Properties from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. Weiss Ratings downgraded Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Citigroup increased their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. UBS Group reduced their target price on Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada boosted their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.47.
View Our Latest Analysis on Healthpeak Properties
Institutional Investors Weigh In On Healthpeak Properties
Several large investors have recently bought and sold shares of the company. West Family Investments Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $221,000. Bessemer Group Inc. increased its holdings in shares of Healthpeak Properties by 32.1% in the third quarter. Bessemer Group Inc. now owns 2,404 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 584 shares in the last quarter. MSH Capital Advisors LLC increased its holdings in shares of Healthpeak Properties by 70.7% in the third quarter. MSH Capital Advisors LLC now owns 42,796 shares of the real estate investment trust’s stock worth $855,000 after acquiring an additional 17,720 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Healthpeak Properties in the third quarter worth about $211,000. Finally, William Blair Investment Management LLC raised its position in shares of Healthpeak Properties by 4.9% during the third quarter. William Blair Investment Management LLC now owns 21,758 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 1,025 shares during the period. Institutional investors own 93.57% of the company’s stock.
About Healthpeak Properties
Healthpeak Properties, Inc is a real estate investment trust that owns and operates properties serving the healthcare and life sciences industries. Its portfolio includes outpatient medical buildings, life science facilities and senior housing communities.
The company’s properties are located across the United States, with investments in major healthcare and life science markets. In 2024, Healthpeak completed its merger with Physicians Realty Trust, expanding its portfolio of outpatient medical properties.
Based in Denver, Colorado, Healthpeak traces its history to a healthcare property company founded in 1985.
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