Equity Investment Corp lowered its holdings in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,299,214 shares of the real estate investment trust’s stock after selling 188,753 shares during the quarter. Healthpeak Properties makes up about 2.0% of Equity Investment Corp’s investment portfolio, making the stock its 12th largest holding. Equity Investment Corp’s holdings in Healthpeak Properties were worth $145,765,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $27,000. Clearstead Trust LLC raised its holdings in shares of Healthpeak Properties by 66.7% during the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 543 shares in the last quarter. Security National Bank of SO Dak bought a new position in shares of Healthpeak Properties during the second quarter valued at approximately $32,000. Latitude Advisors LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $34,000. Finally, Markowski Investments purchased a new stake in Healthpeak Properties in the second quarter worth $38,000. 93.57% of the stock is currently owned by institutional investors.
Healthpeak Properties Stock Down 0.9%
DOC stock opened at $20.44 on Wednesday. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The business’s 50 day moving average price is $19.73 and its two-hundred day moving average price is $19.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01.
Healthpeak Properties (NYSE:DOC – Get Free Report) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.41). The firm had revenue of $820.89 million during the quarter, compared to the consensus estimate of $739.18 million. Healthpeak Properties had a return on equity of 4.04% and a net margin of 12.32%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. As a group, analysts forecast 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 Wednesday, December 30th. Investors of record on Friday, December 18th will be given a dividend of $0.1017 per share. The ex-dividend date is Friday, December 18th. This represents a $1.22 annualized dividend and a dividend yield of 6.0%. Healthpeak Properties’s payout ratio is currently 225.93%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on DOC. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada boosted their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Barclays decreased their price objective on shares of Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Citigroup raised their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird lifted their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.47.
Get Our Latest Research Report on DOC
Insiders Place Their Bets
In related news, EVP Ankit Patadia sold 6,115 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $20.78, for a total value of $127,069.70. Following the sale, the executive vice president directly owned 2,838 shares of the company’s stock, valued at $58,973.64. This represents a 68.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by insiders.
Healthpeak Properties Profile
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.
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