Paralel Advisors LLC raised its stake in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 25.5% in the second quarter, Holdings Channel reports. The firm owned 144,063 shares of the real estate investment trust’s stock after acquiring an additional 29,300 shares during the quarter. Paralel Advisors LLC’s holdings in Healthpeak Properties were worth $3,083,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. WPG Advisers LLC raised its stake in shares of Healthpeak Properties by 270.2% during the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,197 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Healthpeak Properties in the fourth quarter valued at $26,000. Clearstead Trust LLC grew its stake in shares of Healthpeak Properties by 66.7% in the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 543 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Healthpeak Properties during the fourth quarter worth $31,000. Finally, Clearstead Advisors LLC increased its holdings in Healthpeak Properties by 166.3% during the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,216 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Healthpeak Properties from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Scotiabank boosted their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 27th. Raymond James Financial began coverage on shares of Healthpeak Properties in a report on Wednesday, June 17th. They issued a “market perform” rating on the stock. Barclays initiated coverage on shares of Healthpeak Properties in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $23.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Healthpeak Properties presently has an average rating of “Hold” and a consensus price target of $21.66.
Healthpeak Properties Stock Up 2.3%
DOC opened at $21.24 on Friday. The stock’s fifty day simple moving average is $21.37 and its 200 day simple moving average is $19.00. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95. The stock has a market cap of $14.65 billion, a PE ratio of 60.69, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06.
Healthpeak Properties (NYSE:DOC – Get Free Report) last released 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. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm had revenue of $771.58 million during the quarter, compared to analysts’ expectations of $725.64 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current year.
Healthpeak Properties Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.
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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