Citigroup Inc. Lowers Stock Holdings in Healthpeak Properties, Inc. $DOC

Citigroup Inc. lowered its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216,663 shares of the real estate investment trust’s stock after selling 87,213 shares during the period. Citigroup Inc.’s holdings in Healthpeak Properties were worth $23,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOC. Mather Group LLC. bought a new position in Healthpeak Properties in the 3rd quarter valued at $25,000. City Holding Co. purchased a new stake in shares of Healthpeak Properties in the third quarter worth $26,000. Rexford Capital Inc. bought a new stake in Healthpeak Properties during the second quarter valued at $28,000. Sound Income Strategies LLC purchased a new position in Healthpeak Properties during the third quarter worth about $28,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Healthpeak Properties in the 2nd quarter worth about $32,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $17.51 on Friday. 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, Inc. has a 52-week low of $15.71 and a 52-week high of $21.28. The company has a fifty day moving average of $16.90 and a 200-day moving average of $17.56. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 175.12, a price-to-earnings-growth ratio of 9.37 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share 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 business 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. Equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 1,220.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on DOC shares. Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Cantor Fitzgerald set a $17.00 target price on shares of Healthpeak Properties in a research report on Monday, January 5th. Evercore decreased their price target on shares of Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. The Goldman Sachs Group assumed coverage on shares of Healthpeak Properties in a report on Friday, January 9th. They set a “neutral” rating and a $17.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $19.42.

Healthpeak Properties Company 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.