Brookstone Capital Management reduced its position in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,114 shares of the real estate investment trust’s stock after selling 34,377 shares during the period. Brookstone Capital Management’s holdings in Healthpeak Properties were worth $9,761,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Evolve Private Wealth LLC acquired a new position in Healthpeak Properties during the first quarter valued at approximately $177,000. Purpose Unlimited Inc. acquired a new stake in shares of Healthpeak Properties in the fourth quarter worth $451,000. Hsbc Holdings PLC increased its position in shares of Healthpeak Properties by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 3,262,602 shares of the real estate investment trust’s stock worth $52,462,000 after acquiring an additional 217,394 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Healthpeak Properties by 1.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 185,118 shares of the real estate investment trust’s stock worth $2,977,000 after acquiring an additional 3,025 shares in the last quarter. Finally, Advisortrust Partners LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at $388,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on DOC shares. Robert W. Baird lifted their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Scotiabank raised their price objective on Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada upped their price target on Healthpeak Properties from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Weiss Ratings raised shares of Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.86.
Healthpeak Properties Trading Up 1.9%
Shares of DOC opened at $19.94 on Tuesday. Healthpeak Properties, Inc. has a one year low of $15.70 and a one year high of $20.82. The stock has a 50-day moving average price of $18.72 and a 200 day moving average price of $17.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $13.74 billion, a P/E ratio of 62.30, a P/E/G ratio of 3.05 and a beta of 1.05.
Healthpeak Properties (NYSE:DOC – Get Free Report) last posted 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 company had revenue of $752.95 million for the quarter, compared to the consensus estimate of $694.59 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.Healthpeak Properties’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.75 EPS for the current fiscal year.
Healthpeak Properties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s dividend payout ratio is 381.25%.
Insider Activity at Healthpeak Properties
In other news, insider Scott R. Bohn sold 10,989 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction of $213,736.05. Following the transaction, the insider owned 7,636 shares of the company’s stock, valued at approximately $148,520.20. This trade represents a 59.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.
Healthpeak Properties 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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