Brookstone Capital Management Has $12.59 Million Holdings in Healthpeak Properties, Inc. $DOC

Brookstone Capital Management lifted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 16.1% during the third quarter, HoldingsChannel.com reports. The firm owned 657,647 shares of the real estate investment trust’s stock after purchasing an additional 91,285 shares during the period. Brookstone Capital Management’s holdings in Healthpeak Properties were worth $12,594,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DOC. Future Financial Wealth Managment LLC lifted its position in Healthpeak Properties by 366.7% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 7,000 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 5,500 shares in the last quarter. Swedbank AB increased its position in shares of Healthpeak Properties by 71.9% in the third quarter. Swedbank AB now owns 159,215 shares of the real estate investment trust’s stock valued at $3,049,000 after acquiring an additional 66,605 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $336,000. Cypress Wealth Services LLC bought a new stake in Healthpeak Properties during the third quarter worth about $434,000. Finally, DAVENPORT & Co LLC boosted its position in Healthpeak Properties by 10.1% during the third quarter. DAVENPORT & Co LLC now owns 688,841 shares of the real estate investment trust’s stock valued at $13,191,000 after purchasing an additional 63,447 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

DOC has been the subject of a number of analyst reports. Cantor Fitzgerald assumed coverage on Healthpeak Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price target for the company. Wells Fargo & Company raised their target price on shares of Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Monday. Finally, Evercore ISI decreased their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.18.

Healthpeak Properties Stock Up 1.5%

DOC opened at $16.01 on Friday. The stock’s fifty day simple moving average is $17.47 and its 200 day simple moving average is $17.77. Healthpeak Properties, Inc. has a 1-year low of $15.71 and a 1-year high of $21.28. The stock has a market cap of $11.13 billion, a PE ratio of -320.14, a price-to-earnings-growth ratio of 4.06 and a beta of 1.11. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11.

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

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be paid a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 7.6%. Healthpeak Properties’s dividend payout ratio is -2,440.00%.

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.