1832 Asset Management L.P. Raises Holdings in Healthpeak Properties, Inc. $DOC

1832 Asset Management L.P. raised its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 34.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,369,350 shares of the real estate investment trust’s stock after purchasing an additional 353,280 shares during the quarter. 1832 Asset Management L.P.’s holdings in Healthpeak Properties were worth $23,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DOC. Brooklyn Investment Group increased its stake in shares of Healthpeak Properties by 198.9% during the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 873 shares during the period. Dagco Inc. acquired a new position in Healthpeak Properties during the 1st quarter worth approximately $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Healthpeak Properties in the 2nd quarter valued at approximately $32,000. AlphaQuest LLC purchased a new stake in shares of Healthpeak Properties in the 2nd quarter valued at approximately $34,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Healthpeak Properties in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOC. Cantor Fitzgerald initiated coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price for the company. Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Morgan Stanley cut their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on shares of Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $20.60.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $17.16 on Friday. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $21.83. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $18.19 and a 200-day simple moving average of $17.86. The stock has a market capitalization of $11.92 billion, a PE ratio of -343.05, a price-to-earnings-growth ratio of 4.39 and a beta of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $705.87 million for the quarter, compared to analyst estimates of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. Healthpeak Properties’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio is currently -2,440.00%.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.