Federated Hermes Inc. Sells 1,015,306 Shares of Healthpeak Properties, Inc. $DOC

Federated Hermes Inc. lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 99.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,970 shares of the real estate investment trust’s stock after selling 1,015,306 shares during the period. Federated Hermes Inc.’s holdings in Healthpeak Properties were worth $57,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DOC. Bayforest Capital Ltd bought a new position in shares of Healthpeak Properties during the 2nd quarter worth approximately $442,000. Vanderbilt University bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at $1,263,000. Northside Capital Management LLC acquired a new position in shares of Healthpeak Properties during the 3rd quarter valued at $6,123,000. Baird Financial Group Inc. boosted its stake in Healthpeak Properties by 38.5% during the second quarter. Baird Financial Group Inc. now owns 402,466 shares of the real estate investment trust’s stock worth $7,047,000 after acquiring an additional 111,807 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in Healthpeak Properties by 8,859.2% in the third quarter. Trust Co. of Toledo NA OH now owns 82,425 shares of the real estate investment trust’s stock worth $1,578,000 after purchasing an additional 81,505 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOC has been the topic of several research reports. Cantor Fitzgerald set a $17.00 price objective on shares of Healthpeak Properties in a report on Monday, January 5th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. The Goldman Sachs Group initiated coverage on Healthpeak Properties in a report on Friday, January 9th. They issued a “neutral” rating and a $17.00 price target on the stock. Wall Street Zen upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Healthpeak Properties presently has an average rating of “Hold” and a consensus price target of $19.42.

Healthpeak Properties Trading Up 1.0%

NYSE DOC opened at $17.00 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $16.82 and a 200 day simple moving average of $17.56. Healthpeak Properties, Inc. has a 12 month low of $15.71 and a 12 month high of $21.28. The firm has a market capitalization of $11.82 billion, a P/E ratio of 170.02, a PEG ratio of 9.04 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Healthpeak Properties had a net margin of 2.52% and a return on equity of 0.84%. The firm had revenue of $719.40 million for the quarter, compared to the consensus estimate of $685.14 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. On average, analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio is presently 1,220.00%.

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.