JPMorgan Chase & Co. Acquires 8,212,504 Shares of Healthpeak Properties, Inc. $DOC

JPMorgan Chase & Co. increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 41.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,236,534 shares of the real estate investment trust’s stock after acquiring an additional 8,212,504 shares during the period. JPMorgan Chase & Co.’s holdings in Healthpeak Properties were worth $540,730,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Healthpeak Properties during the third quarter worth approximately $25,000. City Holding Co. bought a new position in Healthpeak Properties during the 3rd quarter worth $26,000. Rexford Capital Inc. acquired a new stake in Healthpeak Properties in the 2nd quarter worth about $28,000. Sound Income Strategies LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $28,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Healthpeak Properties in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

DOC has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Healthpeak Properties in a research report on Friday, January 9th. They set a “neutral” rating and a $17.00 price objective for the company. Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Cantor Fitzgerald set a $17.00 target price on shares of Healthpeak Properties in a research report on Monday, January 5th. Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Finally, Argus lowered shares of Healthpeak Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.42.

Healthpeak Properties Trading Down 0.6%

Shares of Healthpeak Properties stock opened at $17.12 on Thursday. Healthpeak Properties, Inc. has a 52 week low of $15.71 and a 52 week high of $21.28. The stock has a market capitalization of $11.90 billion, a PE ratio of 171.17, a price-to-earnings-growth ratio of 9.24 and a beta of 1.12. The stock has a 50 day moving average price of $16.81 and a two-hundred day moving average price of $17.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.82 and a current ratio of 2.82.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.1017 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 7.1%. Healthpeak Properties’s dividend payout ratio is currently 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.